Handheld computer firm Belgravium Technologies reported a slow start to the year after a multi-million pound contract with fuel firm Certas Energy fell into the second quarter instead of the first.
The Bradford-based firm said it has won a substantial order from Certas to supply and install mobile systems across its English and Welsh petrochemical delivery fleet. The initial order value of £1.2m is for delivery in the current financial year with a recurring annual comprehensive software licence and managed service support programme.
Belgravium’s chairman John Kembery told shareholders at the group’s AGM today that there is also the potential for the systems to be rolled out into Certas’s Scottish fleet of vehicles in 2016.
“Because this order was anticipated in the first quarter of 2015, trading in the early part of the year was slower than anticipated,” he told investors.
“It was also affected by a more in depth integration process of AFS into Feedback, than had been expected. Turnover and profits are expected to recover by the end of the first half but results for the first half will reflect the slow start to the year.“
He added that, as in previous years, the results for the year as a whole are expected to be heavily weighted towards the second half and that some good prospective orders are currently being negotiated.
The group also announced the appointment of Ian Martin as a non-executive director of the company.
“Ian has significant experience both as an executive and non-executive director both in public and private companies including being previously chairman and CEO of Avesco and being instrumental in its growth between 2002 and 2012. The board is very much looking forward to working with Ian and benefiting from his experience,” Mr Kembery told shareholders.
Belgravium designs, installs and maintains software applications and solutions for the airline, rail, retail and logistics industries.
A major part of its strategy is to provide solutions that create a long-term relationship with customers and repeat revenues through software licenses and managed service maintenance agreements.
Its mobile retailing software can now run on all three major operating platforms, Windows, Apple iOS and Android whereas previously it could only work with Windows.