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

  • Intertraffic 2014 attendance reaches a new level
    April 3, 2014
    Attendance at the 22nd Intertraffic Amsterdam, the world’s leading trade event for infrastructure, ITS traffic management, safety and parking, which concluded on 28 March, reached a new level. Close to 800 companies from 43 countries exhibited their products and services to a worldwide audience of traffic professionals. The Smart Mobility Centre programme was more comprehensive than ever with over 100 free-to-attend activities. IntertrafficLive, a unique live stream programme straight from the exhibitio
    Read More
  • Arcadis releases EV infrastructure report
    September 23, 2022
    Report looks at range of regions, including North America and continental Europe
    Read More
  • Chile renews IRD weigh station maintenance contract
    August 13, 2014
    PAT Traffic, International Road Dynamics’ wholly-owned subsidiary in Santiago, Chile has been awarded the renewal of a contract by Direccion Nacional de Vialidad, MOP Chile, for the maintenance and service of IRD-PAT automated truck weigh stations installed by IRD.
    Read More
  • Harmonisation of Europe's ITS deployment still unbalanced
    January 31, 2012
    Dean Herenda, Chairman of the EasyWay project, talks about the progress made and the progress still to be made in harmonising ITS deployment across the European Union. "The deployment and use of ITS in road transport across Europe was and still is unbalanced" Although Europe can be proud of being home to some of the world's most advanced ITS solutions, the relative disparities between Member States of the European Union (EU) in terms of the extent and technological sophistication of deployments actually sta
    Read More

Highlighted Content