Journeo, a provider of information systems and technical services to transport operators and local authorities, has hailed a record first half.
According to a trading update for the six months ended 30 June 2024 (H1 2024), Journeo had a strong H1 2024, with total group revenue increasing by 17% to £25.6m and adjusted profit before tax increasing by 54% to £2.8m.
Looking ahead, revenue for the full year is expected to be approximately £50m, marginally ahead of current market expectations, with adjusted profit before tax expected to be £0.4m ahead at £4.8m.
Russ Singleton, Chief Executive of Journeo plc, said: “The record performance in H1 2024 and the uplift in sales order intake reflect the success of Journeo’s strategy to harness government-backed growth opportunities in the transport industry.
“There is increasing recognition by our target client base of our expertise in delivering leading-edge solutions that meet the challenges of increasing the number and quality of journeys using public transport.
“We continue to listen to our customers and invest in the research and development of future technologies and software, focusing on high performance, reliability, and sustainability.”
