Microlise drives fleet technology growth across Australia, NZ
The company, which began its ANZ operations in 2016 with Coles as its first client, has since established partnerships with almost every major supermarket chain in Australia and New Zealand. Its retail clients now include Woolworths, Metcash, Foodstuffs North Island, Foodstuffs South Island, and Gilmours, while logistics customers feature DHL, and food and beverage companies such as Morco and Aryzta.
Regional momentum
According to the company's financial results for the fiscal year 2024, the ANZ business segment displayed the fastest growth for Microlise globally since entering the Asia Pacific region. Operations have expanded to cover Victoria, New South Wales, Queensland, and Auckland, with the regional headquarters located in Melbourne.
Luke Olsen, Managing Director at Microlise ANZ, highlighted the importance of relationships and performance for the company's results. "The growth we're seeing across ANZ is a testament to the strength of our partnerships and the value our technology brings to retailers and transport operators. As we scale, our focus remains on delivering measurable impact from efficiency gains to real-time visibility for our customers across the supply chain."
Microlise's technology offerings are centred on helping clients in logistics and retail improve operational efficiency, cut emissions, manage costs, and enhance delivery safety. The recent financial year included a marked uplift in hardware deployments and a 27% increase in professional services revenue, supported by greater vehicle availability.
Financial performance
The group's global financial figures for FY24 reflect the overall growth trajectory, with adjusted group revenue at AUD $153.9 million, annual recurring revenue of AUD $107.54 million, and adjusted EBITDA reaching AUD $21.47 million. Worldwide, Microlise also added 375 new customers during the year.
Vehicle supply chain challenges in Australia during the first half of 2024 affected rollouts for new customers. As supply constraints eased in the latter half of the year, deployment of Microlise products across customer fleets increased, supporting additional market growth.
Safety and recognition
Microlise's focus on fleet safety was acknowledged with the company being named a winner in the 'Fleet Safety Product' category at the 2024 Australasian Fleet Champions Awards. The business was also listed as a finalist in the Automation, Robotics and Emerging Technology category of the ASCL awards.
The company's presence continues to grow in the retail sector, with nearly every supermarket chain in Australia and New Zealand now utilising its solutions to manage logistics and transport operations.
Ongoing investment
Following ongoing customer growth and increased adoption of its solutions, Microlise has committed to further investment in local sales and services in the ANZ region. This includes plans to build on its current staffing across Victoria, New South Wales, Queensland, and Auckland to support fleet operators and retail supply chains.
With operations in the United Kingdom, France, Australia, and India, Microlise handles over 626,000 subscriptions annually, serving more than 400 enterprise clients globally across various industries.
The company's connected technology platforms are positioned to support compliance, safety, and operational efficiency for logistics and retail customers as the supply chain environment across Australia and New Zealand continues to evolve.
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