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Mix Telematics Q3 revenue up 13.4%

Subscribers increased by 16% year on year.

Mix Telematics announces financial results for third quarter of fiscal year 2015

* Subscribers increased by 16 pct year over year, bringing total to over 495,000 subscribers at December 31, 2014

* Q3 total subscription revenue of R253.7 million ($21.9 million), grew 15 pct year over year

* Adjusted EBITDA of r68.4 million ($5.9 million), representing a 19 pct adjusted EBITDA margin

* Company raises guidance for subscription revenue, total revenue and adjusted EBITDA for full 2015 fiscal year which ends March 31, 2015

* Total revenue was R351.5 million ($30.4 million), an increase of 13.4 pct compared to R309.8 million ($26.8 million) for Q3 of fiscal year 2014

* 2015 fiscal revenue – R1,345 million to R1,355 million ($116.4 million to $117.3 million), which would represent revenue growth

* Fiscal year 2015 adjusted EBITDA – R255 million to R260 million ($22.1 million to $22.5 million), which would represent a decline in adjusted EBITDA of 9.6 pct to 7.9 pct compared to fiscal year 2014

* Sees adjusted earnings per diluted ordinary share of 10.5 to 12 south african cents based on 801 million diluted ordinary shares in issue in 2015

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