Ashby-de-la-Zouch based company Journeo has revealed a transformational year.

The information systems and transport technical services group situated in Charter Point Way has reported a reported a 35 per cent increase in revenues for the year to end December 2022, to £21.1m (from £15.6m), with the underlying pre-tax profits doubling to £1.2m (£0.6m)

Masterinvestor.co.uk reports the figures are being seen as a defining point in the group's development.

Journeo currently has three operating companies:

Journeo Fleet Systems: CCTV video surveillance to improve passenger & driver safety, telematics for vehicle and driver performance monitoring, real-time communications for remote condition monitoring and automatic passenger counting.

It provides fleet operator systems, including automatic passenger counting, driver displays, next stop announcement displays, on-board Wi-Fi, camera monitor systems, and telematics and driver behaviour for buses, coaches, and specialist vehicles; and forward facing and saloon CCTV, automatic passenger counting, station information security systems, and train Wi-Fi for rails.

Revenues in 2022 were £12.49m (£9.29m).

Journeo Passenger Systems: design, manufacture, installation, and management of hardware and software for electronic public transport information systems, in and around towns, cities, ferry terminals and airports which includes smart-ticketing and wayfinding.

advertisement

It offers passenger transport infrastructure systems, such as bay, stretched in-shelter, summary, full-colour LED, low-power E-ink, and solar-powered TFT displays, as well as interactive wayfinding totems, air quality sensors, in-shelter closed circuit television (CCTV), and bus station Wi-Fi.

Sales £8.63m (£4.06m).

Infotec: design, advanced manufacture, installation and software management of information displays hardware for rail applications in stations, on-platform and on-vehicle. This company was acquired earlier this year.

On the group's results CEO Russ Singleton said: "I am very pleased with our performance in 2022 which saw sustained improvement in order intake, revenues and profits. This performance was delivered in a continuing challenging market environment coupled with pressure on our global supply chain.

"It is a reflection of our unwavering focus to execute on our strategy, which is proving effective. 

The recent acquisition of Infotec, complements our existing business and strategy well, and the enlarged group strengthens our position further with a healthy order book and growing sales pipeline based on our intellectual property and expert knowledge."