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Characteristic reassurance from Quartix

Quartix mobile app and vehicle tracking
Fleet vehicle tracking specialist (and Investor’s Champion Portfolio company) has announced a trading statement alongside its Annual General Meeting (AGM). It’s a reassuring reminder that this company is making steady progress in a fast-growing industry.

In brief

As Annual General Meeting (AGM) season kicks off, Quartix (LON: QTX) is clearly keen to get corporate formalities out of the way. In its AGM today, management will announce that the first two months of the 2019 have been very encouraging, leaving the company on track to meet expectations for the full year. The AIM-traded company is impressively hot off the mark with its AGM – most smaller companies take several months to get their accounts in order.

The detail

Quartix shift into fleet vehicle tracking continues to accelerate. In the first quarter, installations of the company’s software are expected to be up 45% to 10,500 units driven by 55% growth in the UK where the company has won over some big customers. The company continues to focus on France and the US as its two second geographies for growth but has also recently begun expansion in Spain and Poland. It won’t be long before a dedicated ‘Ireland’ website is added…

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