11 January 2012 – trading update
The second half of 2011 has proved to be stronger than the first half with the result that profits for the year are expected to be in line with expectations. The group’s major markets of logistics, transportation and on-board retail have reported reasonable trading with the latter doing particularly well. In addition to the two airline contracts won, the group has also supplied over 600 hand held terminals to Hermes, the UK’s largest home delivery courier network, which handles more than 140m collections and deliveries per annum. These will generate annual recurring software licences and service revenue. BUY.