Gentrack's Veovo airport management business could soar with acquisitions

Auckland Airport is one of Veovo's airport customers. (Image: NZME)

Wed, 27 Nov 2024

Utilities software company Gentrack says acquisitions could increase the reach of its airport software business Veovo. Gentrack reported its full-year result for the year to Sept 30 on Tuesday and reported revenue increased 25.5% to $213 million while earnings before interest, taxation, depreciation and amortisation (Ebitda) were $23.6m, $400,000 more than the previous financial year. Profit slipped to $9.5m from $10m in the previous financial year, which Gentrack attributed to a $1.3m loss it recorded against its investment in A...

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