Nottingham-based Microlise Group, the provider of transport management software to fleet operators, has seen double digit growth as supply chain issues begin to ease.
According to unaudited results for the six months ended 30 June 2023, revenue grew 10.5% to £33.9m, from £30.7m in the same period of 2022. Pre-tax profits, meanwhile, increased 5.7% to £1.5m.
The results follow Microlise’s first acquisition since IPO, of Vita Software for £1.86m.
Nadeem Raza, CEO of Microlise, said: “Microlise delivered another strong performance during H1 2023 as we successfully executed our growth strategy. We secured new customers in our key geographies beyond the UK including France, Australia and New Zealand, expanded our customer base, and efficiently integrated our latest acquisition.
“We have successfully navigated the company through global supply chain issues and subsequent delays in new vehicle availability, maintaining strong relationships with our valued customers. We are seeing significant improvements in all these situations, which we expect to have normalised by the start of 2024.
“During the second half of the year, our focus will remain on investing in growth, expanding our product portfolio, and growing our strong customer base and geographical presence. Whilst it is sensible to look to the future with a degree of caution, given the continuing global macro-economic challenges, the Company’s positive trading performance during the period and proven ability to navigate these challenges, underpin the Board’s confidence that the Group’s performance for FY23 will be in line with market expectations.”
