Solid growth for IRD

International Road Dynamics showed solid growth for the three months ended 28 February, with revenue up 3.6 per cent in key geographic markets and product segments. The company’s gross margin continues to strengthen, up 11.6 per cent from last year's first quarter, rising to 30.6 per cent of revenues from 28.4 per cent last year. It reports a stable financial position with working capital rising to US$7.7 million and forecasts continued growth through the balance of fiscal 2015. "Following solid growth
April 14, 2015 Read time: 2 mins
69 International Road Dynamics showed solid growth for the three months ended 28 February, with revenue up 3.6 per cent in key geographic markets and product segments. The company’s gross margin continues to strengthen, up 11.6 per cent from last year's first quarter, rising to 30.6 per cent of revenues from 28.4 per cent last year. It reports a stable financial position with working capital rising to US$7.7 million and forecasts continued growth through the balance of fiscal 2015.
 
"Following solid growth and improved profitability in fiscal 2014, progress continued in the first quarter of fiscal 2015 with higher revenues and a strengthening gross margin," commented Terry Bergan, president and CEO. "Looking ahead, we believe the current environment of lower oil prices could positively impact our business due to increased use of highway and transportation infrastructure, while continued investment by governments and the private sector to facilitate economic growth, improve transportation systems efficiency, reduce emissions, and increase safety and productivity should drive further gains over the long term."
Urban Traffic Control

For more information on companies in this article

Related Content

  • Dutch survey shows drivers are in favour of road user charging
    January 16, 2012
    'Keep it simple, stupid' is an oft-forgotten axiom but in terms of road user charging it is entirely appropriate. So says the ANWB's Ferry Smith. A couple of decades ago, it might have been largely true that the technology aspects of advanced road infrastructure were the main obstacles to deployment. However, 20 years or more of development have led to a situation where such 'obstacles' are often no more than a political fig-leaf. Area-wide Road User Charging (RUC) is a case in point; speak candidly to syst
    Read More
  • UK to trial truck platooning by the end of 2018
    August 25, 2017
    The first truck platooning trials on UK roads are planned to take place by the end of 2018, Transport Minister Paul Maynard has said. Announcing the US$10 million (£8.1million) government funding for trials today, Maynard said advances such as lorry platooning could benefit businesses through cheaper fuel bills and other road users thanks to lower emissions and less congestion. The platooning trials will see up to three heavy goods vehicles, travelling in convoy, with acceleration and braking controlled by
    Read More
  • Transportation management market set to grow 12.3 per cent by 2019
    February 13, 2014
    MarketsandMarkets recently conducted a study on the Transportation Management Market [Transportation Management Systems, Fleet Management Solutions, Freight Audit & Payment, Route Planning & Optimisation, Managed Services, Business Services] - Global Advancements Market Forecasts and Analysis (2014 - 2019), which analysed and studied the major market drivers, restraints, and opportunities in North America, Europe, Middle East and Africa, Asia Pacific (including Japan), and Latin America. The study report
    Read More
  • Lithium batteries market and electric vehicles
    April 13, 2017
    According to a new report published by Allied Market Research, the global lithium-ion battery market is expected to generate revenue of US$46.21 billion by 2022, with a CAGR of 10.8 per cent during the forecast period (2016-2022). The report indicates that the market for these batteries is expected to witness notable growth because of their increasing application in the automotive sector. Additional key factors contributing to the increasing demand of lithium is the growing use of portable electronic dev
    Read More

Highlighted Content