The company (publicly listed in Oslo) has released its 2011 second quarter results which look not bad in these times of economic slowdown.
- US$34 million in revenues (19% up on same period in 2010)
- US$2.7 million in operating profit
- US$10 million in new orders
- US$85 million in backlog orders.
The written report on the Q2, 2011 results is available here.
Key activity (in the market, not necessarily what Q Free is doing) is seen in:
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- Portugal (support for progress towards more electronic tolls);
- France (state highway truck tolling progressing, Q Free seeking role);
- Slovenia (government seeking proposals for truck tolls);
- South Africa (Q Free awarded contract for DSRC tags for SANRAL);
- Expectation of progress in network truck tolls for Belgium and Denmark.
- Congestion pricing in Indonesian cities;
- Toll system expansion and renewal in Taiwan (on main highways);
- Increased electronic tolling in Bangkok;
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- Brazil, Chile, Columbia and Ecuador all have potential, with high tag demand in Brazil;
- High US interest in automatic number plate recognition solutions.
The conclusion on the economic outlook for the toll infrastructure sector is one I have little argument with:
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but.. political risk still plays a role in this industry, e.g. delays and/or cancellations although this is reduced over time as number of cases being explored are increasing and not at least due to the financial situation
Q-Free has highlighted what it claims is its unique single gantry multi-lane electronic free flow tolling solution using DSRC and ANPR technologies, the images come from the presentation which you can read in full here.
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