Leeds-based transport data analytics firm Tracsis plc said it expected full-year profit to fall after disruptions to its business caused by the UK general election. 

The company said it expects revenue of more than £81 million for the year, compared with £82 million last year, and adjusted EBITDA of about £13 million, compared with £16 million last year. 

The company said there was a short term impact from the general election in July on its UK Rail Technology, Transport Consultancy and Traffic Data businesses, but it has since seen activity returning to normal levels, and it expects this to continue through the 2025 financial year.

“The new Government has outlined its strategic plans for the future of UK Rail, including the creation of Great British Railways, the re-nationalisation of train operating companies, and a focus on improving service efficiency, reliability, safety, and customer experience including pay-as-you-go smart ticketing, best value fare guarantees, and automated delay repay,” the company said. “Tracsis’s products and services are well aligned with these objectives.”

Chris Barnes, Chief Executive Officer of Tracsis, said: “With the disruption caused by the timing of the UK General Election now behind us, we have continued to make good progress towards our strategic objectives in the year.”

“The business remains well placed, with all signs suggesting that the UK rail industry’s transition to a data-driven, customer-focused, safety-critical future will continue under the new government. Alongside the positive momentum we have seen in our pipeline of software opportunities in both the UK and North American markets, this leaves us in a strong position to drive ongoing scalable growth in FY25 and beyond.”

The company’s results for the year ended 31 July 2024 will be announced on Wednesday 20 November 2024.