Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Quartix Holdings PLC (QTX)

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Friday 12 January, 2018

Quartix Holdings PLC

Trading Statement

RNS Number : 6672B
Quartix Holdings PLC
12 January 2018
 

12 January 2018

 

Quartix Holdings plc

("Quartix" or the "Company")

Trading Statement

Quartix Holdings plc, one of Europe's leading suppliers of subscription-based vehicle tracking systems, software and services, is pleased to provide an update on trading for the year ended 31 December 2017 and to report that it will publish results for the year ended 31 December 2017 on Monday 26 February 2018. As detailed further below, revenue for the period is anticipated to be slightly ahead of market expectations with profit expected to be moderately ahead.

 

In the year to 31 December 2017 the Company's subscription base in its core fleet operations increased by 16% in the UK to 83,100 vehicles, by 48% in the USA to 9,100 vehicles, and by 31% in France to 13,000 vehicles. New fleet installations increased by 23% to 27,250 and the client base grew by 20% to just under 11,000. As announced a year ago, investment has been made in the development of the Company's fleet business in the United States. To date this has included further local recruitment, product development and a new sales and marketing automation platform. The Company is now able to build on these foundations with an enhanced level of marketing expenditure in 2018. It will also continue investment in some aspects of product development which were not completed in 2017. These parts of the investment intended for 2017 will, therefore, be carried over into 2018 and management believes that profit for 2017 will be moderately ahead of market expectations as a result.

 

New unit installations in the insurance sector fell by 17% to 57,800 vehicles. This trend was in keeping with the strategy stated in July 2016 and in early 2017, namely that of focusing on only those insurance opportunities which offer satisfactory margins and which are closely aligned to the Company's fleet business. As noted in July 2017, some volume lost in the first half was reinstated as Quartix resumed supply for an insurance customer which had switched to a low-cost competitor earlier in the year. This has had a positive effect on revenue, which is also now expected to be slightly ahead of market expectations.

 

The Company achieved strong levels of free cash-flow and expects to pay a supplementary dividend along with the final dividend. The results, together with accompanying presentations, will be posted on the Company's website at www.quartix.net/investors on 26 February, and shareholders will be welcome to submit any questions for management via the site.

 

Further to the announcement made in September, David Bridge stepped down as Finance Director on 31 December 2017 and has now also stepped down from the Board, although he remains with the Company to help Daniel Mendis in the preparation of the 2017 results. Daniel joined the Board as CFO on 1 January 2018, as previously indicated. I would like to take the opportunity to thank David for 10 years of outstanding service to the Company. The Board is also pleased to announce the appointment of Cantor Fitzgerald Europe as joint broker to the Company, alongside finnCap, with immediate effect.

 

Andy Walters, Chief Executive, commented: "We are delighted with the progress made in 2017: we have built a good platform to invest in our US operations, achieved satisfactory margins in our insurance business and grown our core fleet customer base by 20%. We look forward to 2018 with confidence."

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

For further information, please contact:

Quartix (www.quartix.net)

Andy Walters, Chief Executive Officer

Daniel Mendis, Chief Financial Officer

01686 806 663

finnCap (Nominated Adviser and Joint Broker)

Matt Goode/Scott Mathieson (Corporate Finance)

Alice Lane (Corporate Broking)

Cantor Fitzgerald (Joint Broker)

Marc Milmo/ Catherine Leftley

 

020 7220 0500

 

 

020 7894 7000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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