StockMarketWire.com - Vehicle tracking systems group Quartix Holdings said trading in the two months through February was 'very encouraging', putting it on track to meet market expectations for the full year.

New installations at the fleet tracking business in the UK, US and France were expected to rise 45% in the first quarter on-year to 10,500 units.

The growth has been led by the UK, which was expected to be 55% ahead of 2018, at 6,500 new vehicle installations.

'We are delighted with the progress made in our fleet business in the first quarter,' chief executive Andy Walters said.

'Growth in new customer acquisition and new vehicle installations has accelerated and we have launched our telematics service in two new markets. We look forward to the rest of 2019 and beyond with confidence.'




At 9:33am: [LON:QTX] Quartix Holdings Plc share price was +13p at 258p



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