- £3mn contract awards
- 11 per cent EPS growth forecast
- Cash-adjusted PE ratio of 8
Transport systems provider Journeo (JNEO:230p) has secured contracts to provide on-board CCTV and automatic passenger counting systems to East Midland Railways, CrossCountry and train asset management company Angel Trains.
The systems will be securely connected to the company’s cloud-based software application via train-to-shore communications, generating additional monthly recurring Software-as-a-Service (SaaS) licensing revenues. A third of the contract value will be booked in the 2024 financial year, with the balance adding to Journeo’s strong order book and enhancing future contract visibility.