News

Orpak Systems enjoys strong trade

08 January 2007 08:30:00

Orpak Systems, which provides card-free fuel payment systems, confirmed that it enjoyed strong trading conditions right up to the end of last year.

"The board is pleased to report that the company continued to experience buoyant trading conditions in the last quarter, providing a solid finish to the year," said Orpak in a statement.

The group added that it made excellent progress executing current orders in all major growth markets, including India, where shipments of 230 end-to-end petrol forecourt automation systems were completed for a major customer during the quarter.

Orpak added that it expects to report full year results slightly ahead of market expectations. Revenues for the full year are likely to increase by 30% to some $45m compared with 2005 noted Orpak.

"Demand for Orpak's products and services is expected to remain robust in 2007. The company's revenue visibility remains high and it has entered the New Year with a strong order book," said the group.

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