Journeo Expects Full-Year Performance to Meet Market Expectations
London-based transport-systems group, Journeo, has announced that its full-year performance is predicted to meet market expectations. The company cited strong organic growth and the success of acquired businesses as key drivers.
Journeo stated on Monday that its pretax profit for the year ending December 31 is expected to align with market forecasts, although no specific figures were provided. Furthermore, the company anticipates an increase in group revenue, which is projected to reach £46 million ($58.1 million). This is a notable improvement from the previous year’s figure of £21 million.
The growth in revenue has been attributed to the success of Journeo’s fleet systems and passenger systems segments, which experienced a 20% organic revenue growth, reaching £25 million. Additionally, the order intake for these sectors exhibited an 11% increase, totaling £30 million.
Chief Executive, Russ Singleton, expressed confidence in the company’s performance, highlighting the reinforced recurring revenue, a promising order book, and a strong pipeline. Singleton believes these factors will provide the necessary stability for Journeo to further expand its reach in the industry.
Journeo operates within the transport sector, offering comprehensive transport-systems solutions. As a London-listed company, their announcement regarding expected full-year performance provides valuable insight for investors and stakeholders alike.
Note: The above content is for journalistic purposes and does not include actual figures provided by Journeo.
Analyst comment
Positive news. Journeo expects its full-year performance to meet market expectations, with a projected increase in group revenue and strong organic growth. This indicates a promising outlook, reinforced recurring revenue, and a strong pipeline, enhancing the company’s potential for further expansion in the industry.
