Quartix on track to meet 2020 expectations despite COVID-19
Quartix, has reported it is on track to meet its 2020 financial expectations overall despite challenges faced in the fleet sector during the on-going COVID-19 pandemic.
Prior to the challenges presented by lockdown in the UK, the company’s new vehicle subscriptions for January and February were 30% ahead of 2019. Quartix has published its 2020 H1 interim results, which show it is on track to meet its 2020 targets.
March-April saw new subscriptions reduce, resulting in a 14% reduction in new subscriptions in H1. However, since April there has been month-on-month recovery, the comapny said and prospects for the rest of the year are better.
Despite the year’s events, UK customer numbers are still 3% higher than 31 December 2019 and active vehicle subscriptions are 4% higher. In this time, the number of Quartix customers in France and the US rose by 12% and 9% respectively, despite contractions in the volume of new subscriptions during the pandemic.
In newer territories, namely Italy, Spain, Poland and Germany, Quartix saw new subscriptions quadruple from 315 new subscriptions gained in H1 2019 to 1,229 in H1 2020. This leaves the business’ total subscription base in these countries at over 2,500 units, and with an impressive 85% increase in customers in these markets.
Andy Walters, CEO of Quartix, said: “We continue to explore technological developments and invest in our fleet tracking system. It’s a tremendous relief that the recent events haven’t deterred us from achieving great things in 2020.”
Quartix introduced a new live-tracking integration for a cloud-based dashcam. During COVID-19, Quartix saw an increase in customer preference for self-installed devices across all geographical regions, giving customers increased flexibility on where and when installations take place.
The company’s continued drive to grow reseller channels also started to see early success in the US and Spain, which has been supported by the development of a partner resources web portal.