Trakm8 Reports Promising Start Despite Insurance Dip

Trakm8 Holdings (GB:TRAK) has released an update.

Trakm8 Holdings PLC has reported a promising start to the financial year, with Fleet and Optimisation revenues exceeding those of the previous year, driven by strong software sales and contract extensions. However, the company notes that Insurance revenues are lagging due to slower customer capacity restoration and the reduction of customer inventory levels. Despite higher salary and marketing costs, Trakm8 anticipates half-year profitability to align with the previous year’s figures, and remains optimistic about future contracts and improving profitability.

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