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Tuesday 20 September 2016

Kalibrate Technologies (LON:KLBT): Taking advantage of the volatile oil market: ProactiveInvestors Stocktube

Published on Sep 20, 2016
Petrol forecourt services provider Kalibrate Technologies PLC (LON:KLBT) released a healthy set of results Tuesday morning, with revenues at a record US$34.9mln, the seventh consecutive year of year-on-year revenue growth.

Chief executive Bob Stein says the group is now looking to take advantage of the market volatility.
“There’s been a lot going on in the world, what drives our business is that fuel petrol retailers need to effectively operate in a competitive market.”

With pricing pressures and uncertainty in the space, Stein says the key is listening to and reacting to the needs of their 200 plus clients in order to constantly evolve the product.

Stein tells Proactive that there are three key areas the group is now focusing on to fuel expansion.
As well as continuing to reinforce what’s already happening in the world markets, the group is developing its new merchandise pricing and promotion platform within forecourt convenience stores, synergistic with petrol pricing.

The group is also focusing on B2B petrol pricing, looking to expand to create a global solution, from the refinery to the pump.

http://www.4-traders.com/KALIBRATE-TECHNOLOGIES-PL-15082162/

www.kalibrate.com/

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