VIEWS: 4 PAGES: 2 CATEGORY: Business POSTED ON: 3/13/2013
Sales up 24% as vehicle tracking supplier continues to secure its position as one of the most respected companies in the sector. Quartix recorded strong double-digit sales growth in 2012, whilst its new unit installation rate has risen to more than 3,000 per month, excluding upgrades and renewals. Sales were up 24% to �8.3m and are expected to grow by at least 50% in 2013, following a number of significant contract wins. New unit installations are forecasted to reach 5,000 per month by mid-year. Quartix added 1,400 new fleet customers during the year from a broad range of industry sectors. Organisations from both the private and public sectors chose the Quartix system, including Volvo Construction Equipment, Worcester City Council, Alton Towers, Days Contract Hire, Amaryllis Group, and Greater Manchester Police. A significant highlight of the year was the winning of a contract from LOCOG for the provision of 650 vehicle tracking systems used in courtesy cars for visiting officials and dignitaries during the Olympic and Paralympic Games of London 2012. “Operating profit increased by 60% to �2.9m in 2012, making us one of the most financially stable companies in the tracking sector. Furthermore, we only offer direct rental and purchase options, which means our customers do not need to go through third-party leasing. It is increasingly important for prospective customers to make sure their telematics supplier has a good credit rating, coupled with a strong balance sheet, as engaging in a contract with a financially weak provider is extremely risky,“ says Andy Kirk, Sales & Marketing Director at Quartix. Sales are also growing impressively in France following a launch just two years ago, with the 100-strong network of experienced installers fitting 1,400 new units in 2012. Product developments Quartix also recorded sales growth as a result of its market-leading driving style monitoring suite, as fleet managers increasingly turn to telematics to save fuel and improve
"Quartix Announces Outstanding Results For 2012"