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

  • Q-Free Slovenia tender award confirmed
    August 2, 2016
    Following the announcement in March of a contract award by Slovenia’s motorway management company Družba za Avtoceste v Republiki Sloveniji (DARS) to a consortium of Q-Free and Telekom Slovenije, the National Revision Commission of Slovenia has completed the complaint review process and all complaints have been rejected. The contract to deliver a nationwide truck tolling system for the country will be finalised in the near future. Q-Free will provide the system delivery, including the enforcement back
    Read More
  • New report reveals red-light running data and trends across 20 states
    May 22, 2014
    More than 3.5 million drivers in 20 US states ran a red light in 2013, according to the second biannual Safer Roads Report 2014: Trends in Red-Light Running from the National Coalition for Safer Roads (NCSR). The report, released today, examines red-light running trends across 20 states and is designed to help raise driver awareness of the dangers of red-light running. The risks of red-light running are clear: intersection-related vehicle accidents caused more than 8,500 causalities in 2011 – the most r
    Read More
  • Rapid growth of bus rapid transit schemes on US Pacific coast
    January 27, 2012
    This section pulls together all the multi-modal topics in each issue. Subject matter will include smartcards; ticketing and payment systems; passenger information systems; fleet management for buses, trains and light rail; park and ride systems; on-line access to real-time information via Internet portals
    Read More
  • Apps help passengers avoided overcrowded public transport
    May 30, 2013
    David Crawford reviews innovations in the comfort zone. Anyone who rides public transport knows that, perhaps second only to delays, overcrowding is a critical part of the passenger experience,” says Nir Erez, CEO of Moovit, the Israel-based social transportation app developer. The app is aimed at taking real-time user feedback on transit and making it available to a wider audience of travellers. Currently available on iPhone and Android, it plans to add Windows 8 and other platforms in the future. Moovit i
    Read More

Highlighted Content