Vianet Group PLC Trading Update and Notice of Interim Results (1159E)
October 16 2018 - 1:00AM
UK Regulatory
TIDMVNET
RNS Number : 1159E
Vianet Group PLC
16 October 2018
16 October 2018
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 2018 on Tuesday, 4
December 2018.
Trading for the first half of the current financial year is
ahead of the same period last year with the growth in operating
profit being in line with market expectations. The Board intends to
maintain the interim dividend of 1.7 pence per share.
The Smart Machines division has delivered a strong year on year
increase in the number of connected devices deployed. We have made
particularly good progress with the integration of Vendman and
early stage success in transforming c 200,000 Vendman mobile
connections to higher value Smart Machines connections is
validating our strategic approach and opening up attractive cross
selling opportunities.
Helped by investment in Pubco data analytics capability and its
increased automation of transactional processes, the Smart Zones
division H1 contribution was satisfactory. This performance was
achieved despite delays due to Pubco corporate activity and our
managed compliance service being held back by the UK beer supply
chain being adversely impacted by the Europe wide shortage of CO2
gas over the summer months.
James Dickson, Chairman, commented: "The team continues to make
good commercial progress, particularly with our telemetry and
payment solutions for the coffee vending market, where momentum is
being boosted by good progress integrating the Vendman acquisition.
Vianet's medium to long term prospects are exciting as we are
increasingly demonstrating that our strategy of leveraging the
power of our cutting edge technology to bring game changing
business insight to our customers is the right one."
An audio cast of the H1 results presentation given by Stewart
Darling (Chief Executive) and Mark Foster (Chief Finance Officer),
will be released at 0700hrs on Tuesday, 4 December 2018 on the
Group's website www.vianetplc.com with the link also being
distributed by Yellow Jersey PR.
- 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 947
Henry Wilkinson 137
vianet@yellowjerseypr.com Tel: +44 (0)7555 159
808
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
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END
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