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

  • World Congress rewards outstanding ITS
    September 9, 2014
    Tradition dictates that the ITS World Congress is the setting for a variety of award presentations, and 2014 is no exception. During the glittering 2014 ITS World Congress opening ceremony the first of a series of awards was presented with São Paulo’s Municipal Department of Transport receiving the MobiPrize Enterprising City/State Award.
    Read More
  • Small toll agency adopts big city thinking
    December 5, 2014
    Andrew Bardin Williams looks at a novel option for new toll road authorities. While somewhat politically controversial, outsourcing has gained traction in the business world as a model worth investigating for its efficiency and cost saving benefits. Lean start-ups tend to employ independent contractors instead of full-time employees in an effort to remain flexible and avoid costs associated with pensions, retirement places, health insurance, office space and benefit packages.
    Read More
  • French toll tag order for Q-Free
    June 21, 2013
    Vinci Autoroutes in France, the largest toll operator in Europe, has chosen Q-Free’s OBU 610 universal toll tag in an order valued at US$5.5 million. With more than four thousand kilometres under their concession Vinci Autoroutes controls around half of France’s national network. The OBU 610 is Q-Free’s fourth generation transponder, small yet powerful enough to support all 5.8 GHz CEN DSRC protocols.
    Read More
  • From gas tax to road pricing
    March 18, 2020
    Robert W. Poole of the Reason Foundation thinks that trust is going to be essential if US states are to transition from gas tax to road pricing.
    Read More

Highlighted Content