Q-Free reports increased revenue for first quarter of 2014

Q-Free reported 22 per cent increase in revenues to US$28 million in the first quarter of 2014, reflecting continued growth for products and service and maintenance but lower projects revenues. Operating profit (EBIT) increased to US$166,000 from an operating loss of US$8.8 million in the first quarter of 2013; pre-tax profit improved to US$333,000 from a loss of US$9.1 million in the same period last year.
April 30, 2014 Read time: 2 mins
108 Q-Free reported 22 per cent increase in revenues to US$28 million in the First quarter of 2014, reflecting continued growth for products and service and maintenance but lower projects revenues. Operating profit (EBIT) increased to US$166,000 from an operating loss of US$8.8 million in the First quarter of 2013; pre-tax profit improved to US$333,000 from a loss of US$9.1 million in the same period last year.

Order entry in the First quarter was US$39.6 million, the highest since the second quarter 2012. Order backlog increased to US$74.7 million, an increase of US$11.5 million during the quarter. The EMEA region accounted for approximately half of both revenue and order intake in the quarter.

Q-Free continues to see a large potential in the road user charging market, with opportunities in all the main regions in EMEA, the Americas and Asia Pacific. The company also continues to strengthen its business within advanced transportation management systems, with the acquisitions of 131 TDC Systems in the UK in March and 7724 Traffic Design in Slovenia in April. Q-Free will continue to seek complementary investment opportunities to add to organic growth in the ATMS business going forward.
Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • UK Spending Review ‘increases capital investment in transport by 50%’
    November 26, 2015
    UK Chancellor George Osborne announced major investments in transport in the government’s Spending Review and Autumn Statement, despite a 37 per cent cut in the Department for Transport’s (DfT) operational budget. This was offset with a planned 50% per cent increase in capital expenditure for the DfT - rising to a total of US$92 billion. In addition to protecting overall police spending in line with inflation, an increase of US$1.3 billion by 2019-20, the review includes US$70 billion capital investment
    Read More
  • Trafficware: Digitised transport tech ‘is the new asphalt’
    April 16, 2019

    Trafficware provides the tech to manage intersections all over the world. Colin Sowman asks CEO Jon Newhard about the ‘questions behind the questions’

    Last year, Trafficware CEO Jon Newhard negotiated the company’s acquisition by Cubic Corporation and now serves as general manager of Trafficware within Cubic’s Transportation Systems business unit.

    Read More
  • US taps into European high-speed rail knowledge
    October 25, 2013
    Representatives of major US high-speed rail projects are to meet with their European counterparts to seek the expertise and knowledge of the leading European high-speed rail companies. The US is planning to invest approximately US$150,000 million over the next ten years in the development of high-speed rail networks, representing a great opportunity for European infrastructure and engineering companies. For the first time, American senior official representatives of these projects will meet in Europe loo
    Read More
  • Congestion pricing - no such thing as a free ride
    October 2, 2018
    The widespread adoption of autonomous vehicles is likely to increase congestion, many experts believe. But Wes Guckert of Traffic Group believes that tolling could provide the answer. While it is still hard to wrap your head around the idea of getting into a vehicle without a driver, the industry is now used to hearing, reading, participating in the advancement of autonomous vehicles (AVs). Those in the industry have heard about Uber delivering a shipment of Budweiser, or the convoy of driverless trucks
    Read More

Highlighted Content