15th Jan 2016 07:58
LONDON (Alliance News) - Vehicle tracking systems supplier Quartix Holdings PLC on Friday said its 2015 results are set to come in ahead of market expectations, both in terms of revenue and profit.
Andy Walters, managing director of Quartix, said the company has seen robust growth in subscriptions over the course of the year, particularly in the US and France, while new unit installations in the insurance sector increased 74%.
"Our strong performance in both the fleet and insurance sectors allows us to continue our increased investment in a number of key product and market developments which will position us well for future returns. We look forward to 2016 with confidence," he added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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