Resilient performance in line with market expectations
Microlise Group plc (AIM: SAAS), a leading provider of transport management software to fleet operators, announces its results for the 18 months ended 31 December 2021.
Nadeem Raza, CEO of Microlise, said: “The eighteen-month period to 31 December 2021 was one of considerable achievement for the Group. We strengthened our business through the growth of our global customer base; the renewal of several major customer contracts, including a new 5-year contract with our largest customer JCB; the launch of new products; ongoing recruitment and team expansion; and the completion of a successful IPO in July 2021 to fund the acceleration of our growth strategy. Whilst we have been dealing with chip shortages for the past 18 months, the industry opinion is that from Q3 2022, the situation will improve and return to pre-pandemic levels by Q3 2023, which will enable us to meet our customer demand.”