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 to supply pantograph monitoring for Swedish railways
    November 1, 2012
    Swedish traffic enforcement supplier Sensys Traffic has been awarded a contract worth US$0.4 million by the Swedish Transport Administration for the monitoring of train pantographs using its Automatic Pantograph Monitoring System (APMS). APMS is designed to identify damage to pantographs and prevent overhead power wires being torn down. The system uses non-contact technology to analyse the condition of pantographs as the train passes at normal operating speeds up to 250 km/h. Once installed, the sensor is
    Read More
  • Quarterhill announces shift in strategy driving revenue growth
    August 11, 2017
    Quarterhill has announced its financial results for the three- and six-month periods ended 30 June 2017, during which it announced a new acquisition-oriented growth strategy and changed the name of the public company to Quarterhill. The company posted revenue of US$18.6 million and adjusted EBITDA of US$4.8 million, Net income was US$3.6 million and cash from operations was US$3.1 million. It also acquired International Road Dynamics (IRD), a highway traffic management technology company specialising in sup
    Read More
  • Q-Free to supply toll tags to Thailand
    February 13, 2014
    The Expressway Authorities of Thailand (EXAT), which constructs, maintains, and manages the country's expressways and public transportation infrastructure, has placed a US$5.6 million order with Q-Free for delivery of tags. The order will be delivered between now and the end of the second quarter 2014. “This significant order is further positioning Q-Free as a major supplier of products to the fast growing tolling market in Thailand. New road infrastructure creates demands for further tolling systems and
    Read More
  • Kapsch sets course for higher profitability
    February 26, 2015
    Kapsch TrafficCom experienced stable business development in the first three quarters of 2014/2015 with existing installation and operation projects. The Group was also able to obtain a number of new orders in Australia during the third quarter, although new major orders, upon which the innovation and growth plans are based, remained elusive due to the lack of corresponding invitations to tender. Revenue of the Group during the first three quarters of the 2014/15 fiscal year was US$283.5 million, slightly b
    Read More

Highlighted Content