Trading Update

Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators and local authorities is pleased to report an update on trading for the year ending 31 December 2024 ("FY2024").

The Group expects to report revenues for FY2024 of £50m (2023: £46m), in line with market expectations* and adjusted profit before tax of £5.0m (2023: £4.0m), slightly ahead of market expectations.

The Group has continued to see strong momentum in both Fleet Systems and Passenger Systems. Infotec and MultiQ, which were both acquired in 2023, have also continued to perform well since joining the Group.

On the basis of recent trading and strong order intake, the Group is continuing to perform ahead of management's expectations and FY2025 is viewed with confidence. We expect FY2025 adjusted PBT to be slightly ahead of market expectations** after accounting for the taxation changes in the 2024 Autumn budget.

Further details will be provided in the Group's FY2024 Annual Report. The figures in this announcement remain subject to audit.

* FY2024 market expectations were revenue of £50m and adjusted profit before tax of £4.8m.

** FY2025 market expectations were revenue of £52m and adjusted profit before tax of £5.0m.

Russ Singleton, Chief Executive of Journeo plc commented:

"We are pleased with another strong Group performance in FY2024. Our strategy of working closely with our customers to develop class-leading products, software and services to help encourage the use of public transport while reducing emissions and traffic congestion, continues to drive our growth".

A digital copy of this announcement will be available on the Group's website: www.journeo.com.