Transport technology services company EROAD today released its quarterly
update on unit sales numbers showing strong growth for the quarter and nine
months ended December 2017.
Quarter to 31 December 2017
Total Contracted Units*
Total at Sep-17
59,538
Total at Dec-17
69,391
Units added in Quarter
9,853
% growth in Quarter
16.5%
Established Market (Australia/New Zealand)
Total at Sep-17
49,802
Total at Dec-17
54,579
Units added in Quarter
4,777
% growth in Quarter
9.6%
Commercial Market (US)
Total at Sep-17
9,736
Total at Dec-17
14,812
Units added in Quarter
5,076
% growth in Quarter
52.1%
Nine months to 31 December 2017
Total Contracted Units*
Total at Mar-17
48,041
Total at Dec-17
69,391
Units added in 9 months
21,350
% growth 9 months
44.4%
Established Market (Australia/New Zealand)
Total at Mar-17
41,939
Total at Dec-17
54,579
Units added in 9 months
12,640
% growth 9 months
30.1%
Commercial Market (US)
Total at Mar-17
6,102
Total at Dec-17
14,812
Units added in 9 months
8,710
% growth 6 months
142.7%
*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 installation.
Total Contracted Units growth in the quarter of 9,853 units (39% up on
EROAD''s previous quarterly record of 7,086) represents the single biggest
growth in units for a quarter in EROAD''s history, and the third quarter in a
row of record unit sales. The unit sales results were records in all
markets.
Unit sales in the Established Market (ANZ) grew by 9.6% for the quarter or
4,777 units. This is marginally above EROAD''s previous record quarter''s
sales of 4,773 for September 2017 and in the middle of the range of
expectations for the quarter, as outlined on page 13 of the updated EROAD
Investor presentation of 12 December 2017.
The Commercial Market (US) grew by 52.1% for the quarter or 5,076 units,
which is 2,763 units more (119%) than the previous record quarter of 2,313
units for September 2017. This is also in the middle of the range of
expectations for the quarter, as outlined on page 13 of the updated EROAD
Investor presentation of 12 December 2017.
For further information:
Steven Newman
Chief Executive Officer
steven.newman@eroad.com
+64 9 927 4713
About EROAD
EROAD modernises road charging and tax compliance and health and safety
compliance for road transport by replacing paper-based systems with
easy-to-use electronic systems that also improve fleet management. The
company is headquartered in Auckland, New Zealand, and listed on the New
Zealand Exchange (NZX). Its US business is based in Portland, Oregon, serving
customers with vehicles operating in every US mainland state, growing outward
in concentration from the Northwest. In 2009 EROAD introduced the world''s
first nationwide electronic road user charging (eRUC) system in New Zealand
and, in 2017, more than 50% of heavy transport RUC is expected to be
collected electronically, representing a rapid transition to e-commerce on a
voluntary, industry-led basis, due to the cost-savings and benefits to
customers. EROAD is also a leading provider of health and safety compliance
services, including vehicle management and driver behaviour and performance
measures.
www.eroad.co.nz
ENDS
End CA:00312854 For:ERD Type:MKTUPDTE Time:2018-01-09 17:30:02