Eroad on the road again with 13% growth

Fri, 28 May 2021

Eroad grew contracted units by 9,715 terminals for the year to March, helping drive a 13% improvement in earnings before interest, tax, depreciation and amortisation to $30.7 million, from $27.1m last year.The transport tech and vehicle telematics company, which is now dual listed after joining the ASX in September, pushed revenues up by a similar amount to $91.6m, and said its contracted units had increased by 8% to 126,203 across its New Zealand, North American and Australian markets.At home, the firm saw ebitda up 11% to $38.8m, reflecting s...

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