Tracsis, Leeds transport data firm, ups revenue to £50m

Leeds-based transport data analytics firm Tracsis plc said on Wednesday its revenue rose 4.7% to £50.2 million in the year to July 31, 2021, and profit before tax increased £500,000 to £4.6 million.

Traces is not declaring a final dividend but expects to restore its progressive dividend policy for the year to July 31, 2022.

Traces CEO Chris Barnes said: “We have a record pipeline of large multi-year opportunities across all business units, and we are continuing to implement a number of large contracts won in previous years.

“We completed delivery of a large RailHub enterprise software contract at the end of the year, which is a significant achievement for our safety and risk management software business and creates a strong foundation for future growth.

“The publication of the Williams-Shapps plan for Rail has established the strategic direction of the UK Rail Industry, and Tracsis is well positioned to help deliver this vision.

“We have a number of TRACS Enterprise contracts which will go-live in early 2022.

“In the Data, Analytics, Consultancy and Events Division we continue to see high activity levels in the Data Analytics/GIS market.

“The recent acquisition of Icon Group further expands our capabilities and offering in this growing market.

“Our consultancy business has been strengthened following the acquisition of Flash Forward Consulting in February 2021.

“This has now been fully integrated and we are seeing a growing  pipeline of opportunities as a result.

“Activity levels in the Events and Traffic Data business that were hardest hit by the pandemic have started to rebound strongly.

“Provided that we do not return to lockdown restrictions, we expect both markets to recover to full activity levels through the course of the coming year.

“We are confident that there are strong growth prospects for all parts of the group and therefore remain committed to implementing our overall strategic growth and investment plans.

“We will continue to pursue organic and acquisitive growth supported by a strong balance sheet.”