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Eroad : Market Update EROAD - Record Unit sales for a Quarter

07/04/2017 | 05:15pm

Transport technology services company EROAD today released its quarterly update on unit sales numbers showing strong growth, for the three months ended June 2017.

Total Contracted Units*
Total at Mar-17
48,041
Total at Jun-17
52,452
Units added in quarter
4,411
% growth in quarter
9.2%
% growth annualised
36.7%

Established Market (Australia/New Zealand)
Total at Mar-17
41,939
Total at Jun-17
45,029
Units added in quarter
3,090
% growth in quarter
7.4%
% growth annualised
29.5%

Commercial Market (US)
Total at Mar-17
6,102
Total at Jun-17
7,423
Units added in quarter
1,321
% growth in quarter
21.6%
% growth annualised
86.6%

*Total Contracted Units is a non GAAP-measure used by EROAD which represents the total units subject to a customer contract and includes both Units on Depot and units pending installment.

Total Contracted Units growth in the quarter represents the single biggest growth in units for a quarter in EROAD's history. Unit sales in the US for the first quarter of FY18 represents 86% of the total sales for FY17.

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EROAD Limited published this content on 04 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 July 2017 21:14:12 UTC.

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