Tracsis suffers trading hit as election restrictions delay orders

Technology company Tracsis has warned investors that the unexpectedly early election date means pre-election activity restrictions will have a one-off impact on the group's trading in the final two months of the current financial year.

Tracsis provides software and hardware products, data capture and data analytics/GIS services in two principal operating areas: Rail Technology & Services and Data, Analytics, Consultancy & Events.

The rail business has been hit, as pre-election restrictions are temporarily impacting central government, local authority and Train Operating Company decision-making and spending.

As a result, projects are being rescheduled and new orders deferred. However, the Tracsis board says it expects the financial impact to be short-term, with no need for immediate cost-cutting measures.

In the rail sector, Tracsis develops and supplies software “that solves complex resource, asset optimisation and control problems for train operators”, as well as smart ticketing, Delay Repay and other retail software. It also develops remote condition monitoring hardware, data acquisition software, and safety and risk management software for rail infrastructure providers.