Investment case

Journeo™ plc competes by being an open technology provider combining extensive market and technical knowledge to offer market-leading and cost-effective solutions.

Our business model is to compete in the market as an open provider of technology solutions, working with global-scale product companies and local specialists to deliver highly reliable and cost-effective solutions for the transport community over the lifecycle of the systems. The service offering includes the design, tailoring, installation, on-site support and back-office systems. We compete by striving to offer better integrated solutions at reduced costs to our customers. We carefully select niche markets where we can generate significant market share to generate the economies of scale needed. Our customers in the transport community include fleet operators, vehicle manufacturers, local authorities and Passenger Transport Executives (PTEs).

The Group continues to look for acquisition opportunities to strengthen and deepen the portfolio and to extend the services offered.

Journeo™ plc is the specialist provider of tailored solutions to the transport community, solving complex operational requirements both on and off the vehicle.

Our market-leading On-vehicle solutions are designed to integrate with our customers’ existing on-board technology and prepare them for future developments.

Our Passenger information solutions offer customers the hardware and software necessary to manage city-wide information estates, off-vehicle smart ticketing and wayfinding.

Our markets

Fleet Systems

Passenger Systems

Financial summary results for the months to 31 December 2018

Continuing operations 2018
£000s
2017
£000s
2016
£000s
Revenue 12,601 11,761 11,555
Gross profit 4,849 4,996 4,687
Underlying administrative expenses 5,357 5,074 6,203
Administrative expenses 4,589 5,297 6,985
Underlying (loss)/profit (138) 11 (1,397)
Operating profit/(loss) 260 (301) (2,298)
Profit/(loss) after tax 142 (351) (2,303)
Profit/(loss) per share – basic 0.15p (0.38p) (2.47p)

For further financial information please read our latest annual report.