- Raised guidance ahead of annual results
- UK government policy supportive
- Strong order intake and contract momentum
- 2025 PE ratio of 11.9 (8.4 times ex-cash)
Journeo (JNEO:293p), a leading intelligent transport systems provider, has prompted analysts to upgrade their earnings forecasts again following a bullish pre-close trading update ahead of the 2024 results.
The combination of improving gross margins and greater scale of the business following the acquisition in September 2023 of MultiQ Denmark, a Danish intelligent transport systems technology provider, helped drive full-year pre-tax profit up 25 per cent to £5mn (£0.2mn upgrade) on 8 per cent higher revenue of £50mn. On this basis, analysts at house broker Cavendish expect similar growth in earnings per share (EPS) to around 24.7p.