Microlise Group Achieves Robust FY24 Growth Amidst Challenges

Microlise Group Holdings Ltd. ( (GB:SAAS) ) just unveiled an update.

Microlise Group plc reported strong international growth and robust recurring revenue for FY24, despite challenges like a cyber security incident. The company achieved a 12.9% revenue increase to £81.0m and an adjusted EBITDA of £11.3m, surpassing market expectations. The firm expanded its international presence, added 375 new customers, and maintained low customer churn. The acquisition of K-Safe and Enterprise Software Systems strengthened its offering, while the business outlook for FY25 remains positive with a healthy pipeline and strong market traction.

More about Microlise Group Holdings Ltd.

Microlise Group Plc is a prominent provider of transport management software aimed at fleet operators, enhancing efficiency, safety, and reducing emissions through improved fuel use, driver performance, and customer experience. Established in 1982, the company serves over 400 enterprise clients with its headquarters in Nottingham, UK, and offices in France, Australia, and India. Microlise is listed on the AIM market of the London Stock Exchange and holds the Green Economy Mark.

YTD Price Performance: -4.66%

Average Trading Volume: 86,471

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £106.7M

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