Vianet Group PLC Trading Update and Notice of Interim Results (6176Q)
22 Ottobre 2019 - 8:00AM
UK Regulatory
TIDMVNET
RNS Number : 6176Q
Vianet Group PLC
22 October 2019
22 October 2019
For immediate release
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 2019 on Thursday, 12
December 2019.
The Group is pleased to report that trading for the first half
of the current financial year has been strong, with revenue and
operating profit growth in line with market expectations.
The Smart Machines division, including Vendman, has delivered a
strong year on year increase in the number of connected devices
deployed, underpinned by three recent contract wins announced in
August 2019. These three long-term contracts with leading vending
operators for a combined 20,000 units will generate in the region
of GBP10 million of revenue for the Group over their three to
five-year contract terms.
Helped by investment in Pubco data analytics capability and
technology upgrades, the Smart Zones division contribution was also
robust in the first half. This performance was achieved despite
delays due to Pubco corporate activity.
James Dickson, Chairman of Vianet, commented: "The team has
continued to make very good commercial progress, particularly with
contract wins for our telemetry and payment solutions in the coffee
vending and unattended retail vending market, with solid support
from our Smart Zones business which is developing new revenue
lines. Double digit growth in the period builds on our successful
recent track record and further demonstrates that the strategy of
leveraging the power of our cutting edge technology to bring game
changing business insight to our customers has exciting
prospects."
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 / Cameron MacRitchie 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)7951 402
336
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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