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

  • Fleet management systems expected to reach 10.1 million units in the Americas
    October 1, 2013
    According to a new research report from analysts Berg Insight, the number of fleet management systems deployed in commercial vehicle fleets in North America was 3.3 million in the fourth quarter of 2012. Growing at a compound annual growth rate (CAGR) of 15.6 percent, this number is expected to reach 6.8 million by 2017. In Latin America, the number of installed fleet management systems is expected to increase from 1.6 million in quarter four 2012, growing at a CAGR of 16.3 per cent to reach 3.3 million in
    Read More
  • Virtual traffic management centres, a new direction in traffic monitoring
    January 30, 2012
    David Crawford picks up a new direction trend in traffic monitoring The surprise winner in the Traffic Management Centre (TMC) category of the recently-announced 2011 OSMOSE (Open Source for MObile and SustainablE city) Awards for European innovations in urban transport, is the Danish city of Aalborg - which doesn't have a TMC. Alternatively, one might consider its 'virtual' TMC as a signpost for the future in medium-sized cities.
    Read More
  • Diverse development of tolling business models
    April 25, 2013
    A diversity of tolling business models offers a wider toolbox of highway finance options, as the IBTTA’s Patrick Jones explains. The business models for America’s tolled highways have gone through several different evolutions over the last 75 years, reflecting a succession of shifts in transportation policy and politics, financing and funding models, urban patterns, customer needs, and technology. And with more and more decision-makers expressing renewed interest in tolling, it’s that very diversity that ma
    Read More
  • Installed base of fleet management systems in Europe to reach 10.6 million by 2020
    August 26, 2016
    The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 5.3 million in Q4-2015, according to a new research report from the M2M/IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 14.9 percent, this number is expected to reach 10.6 million by 2020. All the top-10 vendors have today more than 100,000 active units in Europe. TomTom’s subscriber base has grown both organically and by acquisitions during the past years and the company ha
    Read More

Highlighted Content