Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary Sensys Gatso USA announces that its statewide managed services program for Uninsured Vehicle Enforcement in Oklahoma (contract awarded in November 2017) is scheduled to begin on November 1, 2018.

Sensys Gatso Group, a global leader in traffic safety solutions, has through its subsidiary Sensys Gatso Australia, received an order worth AUD 0.9 million, corresponding to SEK 5.8 million, for new traffic safety systems supply and services to the New South Wales Government.

Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary, Sensys Gatso Deutschland GMBH, has been awarded an automated traffic enforcement program in Bochum. The expected sales over the contract period of 5-years is estimated at EUR 500.000, corresponding to SEK 5 million.

As previously announced, Sensys Gatso Group has carried out conversion of a vendor note which has resulted in a change in the number of shares and votes in Sensys Gatso Group.

Sensys Gatso Group, a global leader in traffic safety solutions, announced on March 22nd a procurement award for in-vehicle based traffic enforcement systems from a governmental customer in Saudi Arabia. The procurement award concerned the delivery of systems to a potential total value of EUR 10 million, corresponding to SEK 100 million. Under the procurement award the customer has placed a first order of SEK 66 million.

Sensys Gatso Group, a global leader in traffic safety solutions, appointed Jörgen Andersson as new General Manager of its Swedish subsidiary.

Today’s press release has been updated with information on conversion price and dilution.

In connection with the acquisition of Gatso Beheer in 2015 a vendor note of approximately EUR 6.8 million was issued as part of the consideration. As stated in the press release issued on June 23, 2015 the vendor loan may under certain circumstances be converted into new shares in Sensys Gatso Group. The first instalment of EUR 3 million of the vendor loan fell due on July 31, 2018. Approximately EUR 1.6 million of this instalment is still outstanding and will now, in accordance with the terms and conditions of the vendor loan, be converted into 15 110 738 new shares to be issued to Gatso Special Products.

April – June 2018
- Net sales MSEK 88.6 (68.2)
- Order intake MSEK 182.9 (64.6)
- Operating profit MSEK -0.6 (-14.6)
- EBITDA MSEK 8.6 (-4.7)
- The profit after tax MSEK -1.3 (-15.9)
- Total Comprehensive income MSEK 7.9 (-20.3)
- Earnings per share, before and after dilution, SEK 0.00 (-0.02)
- Cash flow from operating activities amounted to MSEK -4.9 (-13.2)

January – June 2018
- Net sales MSEK 160.2 (138.9)
- Order intake MSEK 235.7 (133.2)
- Operating profit MSEK -15.5 (-31.9)
- EBITDA MSEK 2.6 (-12.3)
- The profit after tax MSEK -14.4 (-32.3)
- Total Comprehensive income MSEK 6.2 (-36.7)
- Earnings per share, before and after dilution, SEK -0.01 (-0.05)
- Cash flow from operating activities amounted to MSEK -1.4 (-21.8)

In May of this year, the Iowa Supreme Court reversed the 2017 decision authorizing the Iowa Department of Transportation to regulate cities’ Automated Traffic Enforcement Cameras (ATE’s).