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The latest update is out from Journeo ( (GB:JNEO) ).
Journeo plc has reported a positive trading update for the year ending 31 December 2024, with expected revenues of £50 million and adjusted profit before tax of £5.0 million, both meeting or slightly exceeding market expectations. The company continues to experience strong momentum in its Fleet and Passenger Systems, aided by successful acquisitions such as Infotec and MultiQ. Looking forward, Journeo is optimistic about 2025, anticipating adjusted profit before tax to surpass market expectations, even after accounting for tax changes. This outlook reflects the effectiveness of Journeo’s customer-focused strategy in developing innovative products and services aimed at promoting public transport use and reducing emissions.
More about Journeo
Journeo plc is a leading Intelligent Transport Systems provider specializing in delivering solutions across towns, cities, airports, and public transport networks. The company collaborates extensively with local and combined authorities, Network Rail, and major multinational transport operators to enhance system efficiency and sustainability. With five operating companies, Journeo offers a range of services including Fleet Systems for safety and performance monitoring, Passenger Systems for public transport information hardware and software, and specialized divisions like Infotec and Journeo AS/AB for advanced manufacturing and technical services in Europe.
YTD Price Performance: 2.47%
Average Trading Volume: 48,832
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £48.68M
For an in-depth examination of JNEO stock, go to TipRanks’ Stock Analysis page.
