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Journeo’s contract wins highlight value proposition

This provider of smart transport systems boasts a strong order book and is set to deliver 11 per cent earnings growth, but the shares only trade on a cash-adjusted PE ratio of 8
July 16, 2024
  • £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.

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