Robust growth for Sensys

Orders from the Swedish Transport Administration (STA -Trafikverket) have contributed to Sensys Traffic’s net sales in the second quarter of 2014, which rose by 127 per cent. This robust growth was primarily fuelled by speed measurement system deliveries to the Swedish automatic safety control (ATC) stations. The orders, for monitoring systems, roadside cabinets and spare parts for speed enforcement enabled the company to deliver an operating profit of US$970,000. The company’s gross margin for the quart
August 21, 2014 Read time: 2 mins

Orders from the Swedish Transport Administration (STA -6301 Trafikverket) have contributed to 569 Sensys Traffic’s net sales in the second quarter of 2014, which rose by 127 per cent.

This robust growth was primarily fuelled by speed measurement system deliveries to the Swedish automatic safety control (ATC) stations. The orders, for monitoring systems, roadside cabinets and spare parts for speed enforcement enabled the company to deliver an operating profit of US$970,000. The company’s gross margin for the quarter was affected negatively by costs relating to the structuring of its service and maintenance organisation in Sweden, but the new operation produced a positive cash flow during the second quarter.

According to Johan Frilund, Sensys Traffic CEO, the Swedish project is a significant reference project in Sensys’ international marketing. He says, “Sensys’ ability and capacity to supply large volume projects is reflected in the fact that we have succeeded in keeping to a challenging deployment plan for systems for the Swedish ATC stations. We have delivered at a faster pace than planned and we have already exceeded the agreed minimum order value of US$15.9 million. In addition to the installation and commissioning of exchange systems, we also¬ maintain existing ATC stations.”

He feels the international traffic safety market is showing positive development. The company is continuing to market to new and existing customers both in the Middle East and the US, as well as in Europe and Asia.

Sensys has also received orders for the railway market; the Finnish Transport Agency placed a new order worth US$1.3 million in the second quarter of the year for additional systems for pantographs on trains (APMS). Sensys’ strategy is to build confidence via initial pilot tests and they believe that this order has a positive impact on the level of orders in the countries in which it operate.

“Our strategy of focusing on long-term volume markets remains in place. We have competitive products, good customer¬ relationships and a stable financial situation, all of which stand us in good stead for the future,” says Frilund.

Enforcement

For more information on companies in this article

Related Content

  • Sensys speed cameras to be piloted in Asia
    May 13, 2014
    Sensys Traffic is to supply a customer in Asia with pilot speed enforcement systems to be trialled in an urban environment. The order, worth US$152,000, is for systems which have been designed with features adapted to the customer's unique environment and requirements and which will be tested prior to a decision on further investment. Sensys believes that the pilot systems will be delivered during summer 2014, with subsequent evaluation during the autumn. "This is the first order in accordance with
    Read More
  • Sensys Gatso Group reorganises
    August 21, 2015
    Following the acquisition of Gatso, the Sensys Gatso Group has announced its new organisational structure, with the creation of two separate business units: The Systems business unit comprises the whole systems organisation, consisting mainly of the existing operations in Sweden and the Netherlands as well as the sales offices in Germany, Singapore and the United Arab Emirates. The unit will be headed by Göran Löfqvist, who has worked for Sensys for 15 years, as executive vice president Systems The Ma
    Read More
  • Sensys awarded new Swedish procurement contract
    May 24, 2013
    Following the award in April of the contract for traffic safety cameras by the Swedish Transport Administration, Sensys Traffic has received a further procurement award decision from the Administration for new roadside cabinets for traffic safety cameras. The overall value of the contract cannot be currently quantified. The cabinets are to replace existing units, as well as for the future expansion of traffic safety cameras installed across the Swedish road network. Sensys' tender was the only one that fulf
    Read More
  • Sensys Traffic moves into growth phase with new CEO
    March 24, 2015
    Sensys Traffic is moving into what it calls a new phase with the appointment of a new CEO. Torbjörn Sandberg, currently a member of the company’s Board of Directors, is replacing Johan Frilund, who will assume responsibility for strategic business development following this change. Having established itself in the market, the company is now entering a new phase in which the focus is on growth, both organic and through acquisitions, continued internationalisation and business development. After seven years a
    Read More

Highlighted Content