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Kalibrate battens down as it waits for orders

Kalibrate battens down as it waits for orders

A currency boost helped petrol station forecourt software and services group Kalibrate Group PLC (LON:KLBT) in its latest half year but it remained a challenging period for the group due to delays in orders from new markets.

Revenues in the half year were US$14.1mln (US$15.9mln) and underlying profits US$0.4mln, US$300,00 better than expected due to the currency windfall.

Bob Stein, chief executive, said: “Our core business continues to represent modest growth for the Group and we continue to gain greater market share selling our core products. As previously announced, accelerated growth is dependent on creating new business in our Growth/ROW markets whilst at the same time introducing new products and services, such as our Merchandise Pricing/Promotion and B2B/Wholesale platforms, and continuing transitioning of our clients to the SaaS Pricing offering. We remain optimistic in the longer term growth of the Growth/ROW markets and the Merchandise Pricing/Promotion and Wholesale/B2B Pricing solutions.”

See the article in full at ProactiveInvestors.co.uk