G.E.A. reported an increase in sales for its fiscal year and over the third calendar quarter. Not restated for deferred income, the toll systems company's sales increased by nearly 20% over 12 months and almost doubled in the last quarter. Although it is important to be cautious (the restatement of deferred income may have a significant impact on final revenues), these good figures reflect a good level of delivery and lead us to revise upwards our earnings estimates for the year.
Grenobloise d'Electronique et d'Automatismes is a manufacturer of toll collection equipment. Co. offers to its clients Automated Toll Plazas (automatic toll lanes accepting all means of payment; automatic vehicle classification systems; audio and video systems providing real-time remote assistance to patron; integration of contactless smart card payment systems; and ETC systems compliant with CEN TC 278), and Car Park Access and Toll Control Systems (entry lane terminals; intermediary lanes for access to private areas; exit lane terminals; pedestrian access control terminals; automatic payment machines; manual payment machines; car park supervision servers; and central computer systems).
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