Last checked at 24 Jan 2012 07:00
24 January 2012
Ubisense Group plc
Year end trading update
Ubisense Group plc (AIM: UBI, 'Ubisense', 'the Group'), the market-leading location solutions company, provides an update on trading performance for the full year to 31 December 2011.
The good momentum in the business achieved in the first half of the year has been maintained in the second half. As a result, Ubisense anticipates reporting annual revenue growth and adjusted EBITDA* in line with the Board's expectations.
The Group's order book continues to grow, with significant contract wins across both RTLS and Geospatial divisions and in all key geographies.
Ubisense has a strong balance sheet with net cash at 31 December 2011 of over £5 million.
Ubisense completed two acquisitions in the second half of 2011. Both have been fully integrated and are performing in line with expectations. The Group continues to evaluate further acquisition opportunities.
Ubisense expects to publish its final results for the full year to 31 December 2011 on Tuesday 6 March 2012.
*Adjusted EBITDA is EBITDA excluding AIM listing expenses, acquisition costs and share-based payments.
Richard Green, CEO of Ubisense, commented:
"2011 was a tremendous year in our history, with the listing on AIM, two Geospatial acquisitions and further endorsement of our Real Time Location Solutions by new customers such as Eurocopter, Daimler and Paccar. We have also entered into a global licence agreement with both BMW and EADS during the year.
"We continue to gain momentum in the automotive and aerospace sectors, and have also secured significant contract wins in the energy sector in the second half of the year, both for our Real-Time Location and Geospatial Solutions.
"We start 2012 with a record order book and expect 2012 to be another strong year for Ubisense."
Enquiries:
Ubisense www.ubisense.net | |
Richard Green, CEO | +44 (0) 1223 535170 |
Gordon Campbell, CFO | |
Canaccord Genuity Nominated Advisor and Broker Simon Bridges/Henry Fitzgerald-O'Connor | +44 (0) 20 7050 6500
|
College Hill | +44 (0) 20 7457 2020 |
Adrian Duffield / Jon Davies |
Notes to editors
Ubisense is the market-leading location solutions company, delivering mission-critical enterprise asset tracking and geospatial systems that bring visibility and control to previously intractable business processes. The Group operates in two divisions, RTLS and Geospatial.
Through its RTLS division, Ubisense is a world leader in real-time location solutions allowing companies to track assets (such as tools, people and vehicles) within factories and other indoor environments in real time in three dimensions. Ubisense's end-to-end RTLS solutions provide dynamic and precise indoor tracking of assets helping its clients, which are primarily in the automotive, aerospace and transportation industries, to bring visibility and control to business processes thereby helping to lower costs and drive logistical efficiencies. The Geospatial division uses Ubisense's expertise in location solutions to help large infrastructure companies, such as utilities and telecom companies, to map, plan, manage and optimise their networks across large geographic areas.
Ubisense is headquartered in Cambridge, UK and has offices in the USA; Canada; France; Germany; Singapore and Korea. For more information please visit: www.ubisense.net