#tradingfloorai | #SAAS |  #Revenuegrowth #Aheadofmarket | Here is a summary of the trading statement from Microlise Group plc:

For the financial year ending December 31, 2024 (FY24), Microlise Group plc, a leading provider of transport management software, reports strong financial performance and growth, particularly in international markets. The Group expects to publish its full-year results in late March.

**Financial Highlights:**
- Recurring revenue increased by 21.4% to £54.7 million, with 10.8% organic growth.
- Annual Run-Rate (ARR) grew by 18.8% to £56.6 million, with 9.4% organic growth.
- Group revenue rose by 12.9% to £81.0 million, with a 5.9% organic growth rate.
- Adjusted EBITDA reached £11.3 million, representing a margin of 14%.
- The Groups net cash position as of December 31, 2024, was £11.4 million, and the cash conversion rate remained healthy at 89%.

**Operational Highlights:**
- Microlise secured new direct customers in Australia, New Zealand, and France, expanding its international presence.
- The Group added 375 new customers, including notable names such as WooliesX, GSF, Foodstuffs South Island, and STAF, strengthening its position in key markets.
- Customer retention remained strong, with a low churn rate of 0.7%.
- The Group experienced a cyber security incident in October 2024 but successfully restored its network and services within 2.5 weeks, ensuring no compromise of customer data.
- Microlise completed two acquisitions, K-Safe and Enterprise Software Systems (ESS), enhancing its offering and providing a wider range of services.

**Outlook:**
- The Board remains positive about Microlises prospects for FY25, with a growing business pipeline, particularly in international markets.
- The Group expects to continue its strong track record of year-on-year growth and is well-positioned to take advantage of opportunities in 2025.

Overall, Microlise Group plcs trading update highlights its financial and operational resilience, international expansion, and ability to adapt to challenges, positioning it for continued success in the coming year. Read More@: