16 Nov 2021 10:15
16 November 2021
Universe Group plc
("Universe", the "Group" or the "Company")
£4.4 million Agreement With An Existing Retail Customer
Universe Group plc (AIM: UNG.L), a leading developer and supplier of retail management solutions, payment and loyalty systems, is pleased to announce that it has entered into an agreement worth approximately £4.4 million to supply outdoor payment terminals for the forecourt estate of a major existing retail customer of the Group.
Revenue relating to the contract will be recognised on delivery and the timing of this remains subject to further discussion. The associated revenue and profit from this agreement would be incremental to management's existing expectations.
Neil Radley, CEO of Universe, commented: "We are very pleased to announce this contract, which emphasises our strong market position in this area. This contract will deliver either an outperformance to our expectations for this financial year or, dependent on timing and the outcome of other customer proposals, provide a firm foundation as we enter the next financial year. We remain a business committed to a transition to a SaaS model focussed on recurring revenues and look forward to reporting further progress in that regard in due course."
For further information:
Universe Group plc Andrew Blazye, Executive Chairman Neil Radley, Chief Executive Officer Adrian Wilding, Chief Financial Officer
| T: +44 2380 689 510 |
finnCap Henrik Persson / Seamus Fricker (Corporate Finance) Richard Chambers (Corporate Broking)
| T: +44 2072 200 500
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IFC Advisory | T: +44 2039 346 630 |
Tim Metcalfe / Florence Chandler
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About Universe Group plc:
Universe provides some of the world's leading retailers with retail management solutions, payment and loyalty systems. The Group's solutions are based on its own proprietary software with its payment solutions processing over £18 billion transactions every year. For further information, please see www.universe-group.co.uk
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.