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FARA is the market leader |
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FARA is the market leader in the Nordic countries within IT-solutions to the public transport sector. We supply systems for
- Electronic Ticketing/Automatic Fare Collection
- Infotainment Systems
- Real Time Information such as Fleet Management, Traffic Management and Passenger Information
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RTI contract county of Hedmark, Norway |
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FARA ASA, the leading supplier of IT solutions to the public transport sector in the Nordic countries, has signed an order with an existing customer; Hedmark county, Norway.
The total order value is NOK 2,4 million excluding VAT, and is for the supply of both hardware and software to implement a RTI (Real Time Information) solution for bus stops. The customer has an option to extend the delivery within a 5 year framework agreement. This new functionality will complement FARA's ticketing solution that was delivered in 2007/2008. This is an important project for FARA, considering that this is the second RTI project in Norway where the FARA Ticketing and FARA RTI are combined.
In addition FARA will increase recurring revenue related to service and maintenance.
The order will be delivered during Q4 2010. |
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FARA Q2 2010 Presentation |
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FARA ASA presented the financial result for the second quarter 2010 Wednesday 14th of July 2010 at 08:30 at Hotel Continental, Oslo.
HIGHLIGHTS FOR Q2 2010:
- EBITDA of MNOK 0,6 (- 3,5)
- Revenue of MNOK 29,4 (26,9)
- Accumulated gross margin 75,5% (62,4%)
- New contracts announced for both ticketing and RTI/infotainment
- Development and introduction of the new product portfolio on track
Figures in brackets are Q2 2009 numbers
Download FARA 2Q-10 Presentation and FARA 2Q-10 Report
Web cast; http://streamsync.qbrick.com/09411/fara/2010/_fara_q2/index.htm
For more information, contact;
Øivind Kirksæter, CEO of FARA, mobile +47 97 70 79 90
Ørjan Kirkefjord, CFO of FARA, mobile +47 95 08 47 30 |
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New contract for RTI in Oppland |
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FARA ASA, the leading supplier of IT solutions to the public transport sector in the Nordic countries, has signed an order with an existing customer; Oppland county, Norway.
The total order value is NOK 2,3 million excluding VAT, and is for the supply of both hardware and software to implement a RTI solution for bus stops. This new functionality will complement FARA's ticketing solution that was delivered in 2007/2008. This is an important project for FARA, considering that this is the first RTI project in Norway where the FARA Ticketing and FARA RTI are combined.
In addition FARA will increase recurring revenue related to service and maintenance.
The order will be delivered during Q4 2010. |
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