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Sg Fleet Group Announces Regarding WA Government Fleet Management Services

21 May 2018  |  09:24:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WA Government Fleet Management Services

Sg Fleet Group noted that the WA Government recently retendered its fleet management outsourcing arrangements, opting to move from a panel to a sole supplier structure. As a result, the Company will no longer provide fleet management services to the WA Government for 7,500 vehicles, with effect from July 2018. The WA Government has split the provision of comprehensive fleet management services into multiple categories and has chosen various providers for the individual categories. Price was one of the key determinants of this selection process. Neither the loss of revenue nor the loss of income is material in the context of its financial performance. The contract represented 0.47% of the Company's revenue over the last 12 months.

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