Microlise Group PLC
LSE:SAAS
Microlise Group PLC
Microlise Group Plc engages in the provision of business and domestic software development, data processing, hosting, and related services. The company is headquartered in Nottingham, Nottinghamshire and currently employs 602 full-time employees. The company went IPO on 2021-07-22. The firm is delivering a globally enabled software as a solutions platform that digitizes the business processes of enterprise organizations running logistics operations. Microlise automates and optimizes critical processes, such as scheduling, routing, driver performance monitoring and resource allocation, while providing actionable real-time data. The firm designs, develops and manufactures of the hardware, firmware and applications that support its national and international customer base. The Company’s products include Fleet Telematics, Fleet Tracking, Fleet Utilization, Driver Performance, Driver Communications, Trailer Telematics, Fleet Safety Management, Multi-Camera Solution, Tachograph Management, Bridge Strike Warning, Vehicle Health, Journey Management, Schedule Management, Route Management, Planning & Optimization and Customer Communications.
Microlise Group Plc engages in the provision of business and domestic software development, data processing, hosting, and related services. The company is headquartered in Nottingham, Nottinghamshire and currently employs 602 full-time employees. The company went IPO on 2021-07-22. The firm is delivering a globally enabled software as a solutions platform that digitizes the business processes of enterprise organizations running logistics operations. Microlise automates and optimizes critical processes, such as scheduling, routing, driver performance monitoring and resource allocation, while providing actionable real-time data. The firm designs, develops and manufactures of the hardware, firmware and applications that support its national and international customer base. The Company’s products include Fleet Telematics, Fleet Tracking, Fleet Utilization, Driver Performance, Driver Communications, Trailer Telematics, Fleet Safety Management, Multi-Camera Solution, Tachograph Management, Bridge Strike Warning, Vehicle Health, Journey Management, Schedule Management, Route Management, Planning & Optimization and Customer Communications.
Revenue Growth: Total revenue increased 12.6% to GBP 44.1 million, with recurring revenue up 11.1%.
Margin Improvement: EBITDA margin rose from 13.4% to 14.1%, and gross margin remained stable at 65–66%.
Low Churn: Customer churn remains very low at 0.5%, highlighting strong customer stickiness.
Cash Position: Ended the half with GBP 11.2 million in cash, plus GBP 2.2 million post-period from an investment sale, and over GBP 40 million in available funds.
Cybersecurity: Cyber incident impact is largely resolved financially; most claims are being handled by insurance.
Growth Drivers: 216 new customers added, mainly mid-market; strong focus on upselling to existing clients and international expansion.
M&A and Strategy: M&A remains a priority with significant funding available, focusing on technology and product acquisitions rather than just customer base.
Market Outlook: Management remains positive on growth despite sector headwinds and project delays from cyber-attacks.
