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Eroad warns of slower sales growth, NZ back on track

Brent Melville
Thu, 30 Jul 2020

Eroad added 2,326 data terminals in the June quarter, largely on the strength of resurgent New Zealand business, but expects lower annual sales growth than previously signalled. In a quarterly update ahead of today's annual meeting, the transport tech services and vehicle telematics company said it "remains confident in continued unit growth across all three markets, albeit it is likely to be lower than delivered in financial year 2020 and previously anticipated for financial year 2021." The three markets are NZ, where Eroad said 1,938 un...

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