DigiCore Europe has recorded another excellent financial year, with net profit after tax rising 28%. The C-track Benelux operation has strengthened its position and expanded market share while generating almost 45% of European profit. Unit sales rose by 26% for the review period.
DigiCore Europe has been investing in preparations for pan-European growth in the “Pay As You Drive”, roadpricing and distance-based pricing models, partnering with insurance and leasing companies. Technology remains key to our success in this highly competitive environment and the second-generation web-based applications of C-track Connect and C-track Online are superior to current market offerings. The business will offer a mixed pricing model in the new financial year, supporting long-term annuity income streams.
The new financial year will be focused on strengthening footprints in our current 12 operations throughout Europe to facilitate optimal organic growth, particularly in the strategically important German and French markets.
Scandinavia continues to deliver strong growth in both unit sales and market development. Switzerland, Austria, Italy and Portugal have established partners that are anticipating good growth in the new financial year.