Update on Trading (3269V)
January 11 2012 - 1:00AM
UK Regulatory
TIDMBVM
RNS Number : 3269V
Belgravium Technologies PLC
11 January 2012
BELGRAVIUM TECHNOLOGIES PLC
(AIM: BVM)
Update on Trading
Belgravium Technologies plc ("Begravium" or "the Group") the
designer and supplier of computing solutions and services for the
mobile computing data capture market, today provides an update on
trading.
As anticipated, the Group's trading performance in the second
half has been stronger than in the first half. As a consequence,
the Group's overall trading performance for the year ended 31
December 2011 is expected to be in line with market expectations.
Trading in all the Group's major markets of logistics,
transportation and on-board retail has been satisfactory with
on-board retail being particularly strong. In addition to the
completion of the Monarch Airlines contract, the second half also
saw a contract win for another major airline. Another significant
contract completed in the second half was the supply of over 600
units of its "Atlanta 5000" hand held terminals to Hermes, the UK's
largest home delivery courier network which handles more than 140
million collections and deliveries per year. As usual, a benefit of
each of these contracts is that they include annual recurring
software licences and service revenue, which is helping to increase
the level of the Group's repeat income.
Commenting today, John Kembery, Executive Chairman of Belgravium
Technologies plc said:
"As expected, we have finished the year strongly. We have
established a very competitive position in the markets which we
serve and this continues to help us in winning new orders. We have
a good pipeline of forward prospects and, despite the tough
economic environment, we are optimistic on the prospects for the
coming year."
Contacts:
Belgravium Technologies Plc www.belgravium-ir.com
John Kembery, Executive Chairman +44 (0) 7770 731021
WH Ireland Limited (Nominated Adviser and www.wh-ireland.co.uk
Broker)
Mike Coe / Marc Davies (Corporate Finance) +44 (0) 117 945 3470
Ruari McGirr / Jasper Berry (Corporate Broking) +44 (0) 207 220 1691
Cadogan PR (Financial PR) www.cadoganpr.com
Alex Walters +44 (0) 20 7839 9260
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBKKDPPBKDKDD
Belgravium (LSE:BVM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Belgravium (LSE:BVM)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Belgravium Tech (London Stock Exchange): 0 recent articles
More Belgravium News Articles