Revenue is on the rise at Microlise Group, the Nottingham-headquartered provider of transport management software to fleet operators, following a year of international growth.
In a trading update for the year ending 31 December 2024, the business revealed revenue is expected to increase by 12.9% to £81m, up from £71.7m in 2023, with adjusted EBITDA ahead of market expectations at £11.3m (up from £9.4m in 2023).
2024 marked a year of international expansion for the company, with new direct customers secured in Australia, New Zealand and France.
The business added 375 new customers in the year, including WooliesX in Australia, GSF in the UK, Foodstuffs South Island in New Zealand and STAF in France. Microlise also renewed key relationships, including a five-year extension with JCB.
2024 additionally saw the acquisition of K-Safe and the completion of the acquisition of Enterprise Software Systems (ESS) in January.
Nadeem Raza, CEO, Microlise, said: “The business demonstrated growth across all geographies, and the addition of newly acquired products enabled us to provide more solutions to existing customers. We have signed several new TMS contracts, following the acquisition of ESS at the start of the year, which is particularly pleasing.
“The business responded well to the cyber incident in October, resulting in minimal impact to the forecast FY24. I would like to thank all our staff for their hard work and dedication in restoring services for our customers, and our customers for their patience and understanding during this period.
“The outturn for 2024 shows a strong business with a healthy pipeline and puts us in a great position to take advantage of opportunities in 2025.”
