Vianet Group PLC Trading Update and Notice of Interim Results (7524R)
September 26 2017 - 2:00AM
UK Regulatory
TIDMVNET
RNS Number : 7524R
Vianet Group PLC
26 September 2017
Press Release 26 September 2017
Vianet Group plc
("Vianet" or the "Group")
Trading Update and Notice of Interim Results
Vianet Group plc (AIM: VNET), the international provider of
actionable data and business insight through devices connected to
its Internet of Things ("IOT") platform, today provides the
following trading update and notifies that it will release its
results for the half year ended 30 September 2017 on Tuesday, 5
December 2017.
Trading for the first half of the current financial year is
ahead of the same period last year with the growth in line with the
Board's expectations. As such, the Board intends to declare a
maintained interim dividend of 1.7 pence per share.
The Smart Machines division continues to deliver growth and to
extend its penetration into the European market and this is
demonstrated through a growth in connected devices. We are focussed
on optimising the earnings visibility and have made good progress
with increasing the proportion of recurring revenue as a percentage
of new sales.
Whilst our Smart Zones division customers in the pub sector
continue to face well publicised headwinds, our core beer flow
monitoring operation maintained its contribution, and encouragingly
the rate of pub closures in the sector appears to have slowed
down.
James Dickson, Chairman, commented: "The Team continue to make
good commercial progress and are increasingly demonstrating that
our strategy of delivering highly relevant solutions that drive
strong returns for our customers is the right one. Given the
Group's positive progress and encouraging prospects the Board is
confident of continued growth."
- Ends -
Enquiries:
Vianet Group plc
James Dickson, Chairman Tel: +44 (0) 1642
358 800
james.dickson@vianetplc.com www.vianetplc.com
Cenkos Securities plc
Stephen Keys / Camilla Hume Tel: +44 (0) 20
7397 8900
www.cenkos.com
Media enquiries:
Yellow Jersey PR
Sarah Hollins Tel: +44 (0)7764
sarah@yellowjerseypr.com 947 137
www.yellowjerseypr.com
About Vianet
Vianet Group is a leading provider of actionable management
information and business insight created through combining data
from our smart Internet of Things ('IOT') solutions and external
information sources.
Since Admission to AIM in 2006, the Group has grown from its
core beer monitoring business both organically and through
strategic acquisitions to widen its offering and also develop new
businesses, especially in vending telemetry and contactless payment
solutions particularly for the premium coffee sector.
Servicing over 300 customers across the world and rendering live
data to our IOT platform from over 250,000 connected machines
daily, Vianet is one of the largest business to business (b2b)
connected solutions providers in Europe with established long term
relationships with blue chip customers and growing recurring
revenues which are over 85% of our total revenues.
In our Smart Machines Division we connect a single data
gathering device with its own on-board communication capability to
a customer's asset or system. The device then sends data back via
our IOT platform to cloud based servers. The technology was
originally developed for automated retailing machines, however the
flexibility and functionality of the device means the technology
can be applied to practically any machine which has the capability
to output data. The device is also used to connect our contactless
payment solution and communicate payment terms to our cloud based
payment services providers where that application is also
required.
The Smart Zones Division is where we connect multiple data
gathering devices into one or more systems or assets with the data
from those devices being communicated back to our IOT platform and
cloud based servers via a single 3G communications hub. The
technology was originally developed for flow monitoring devices,
temperature sensors, and asset management in drinks retailing but
practically any data gathering device with a digital output could
be connected to the communications hub where required such as
gaming machines, utilities management and EPOS.
For further information, please visit www.vianetplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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