Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUNG.L Regulatory News (UNG)

  • There is currently no data for UNG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

21 Dec 2020 07:00

RNS Number : 2502J
Universe Group PLC
21 December 2020
 

21 December 2020

AIM: UNG.L

 

 

Universe Group plc

("Universe", the "Company" or the "Group")

Trading Update

Universe Group plc (AIM: UNG.L), a leading developer and supplier of retail management solutions, payment and loyalty systems, gives the following update with regard to the year to 31 December 2020.

 

The Company wishes to thank its employees, customers and wider stakeholders for their efforts and support during a challenging year. The Company undertook significant work in the first half to enable the business to continue to operate effectively under the restrictions imposed in the face of the pandemic. This allowed the Company to maintain its operations through the year even though a key component of Universe's offering requires field engineers to work closely with customers on-site.

 

Revenue for the second half of the year is expected to be in line with that of the first half. As stated at the time of the interim results in September, key to the second half was the roll-out of a material project for an existing customer where work is ongoing. Revenues from this project are now expected to be recognised in the first half of 2021 but the investment made in the project must be recognised in the current financial year. Despite this delay, the costs of maintaining COVID-19 resilience, and an increased level of investment, the Company still expects to report a modest level of adjusted EBITDA profitability for the full year. The Company has a strong financial position that can support this activity and expects to close the year with a temporary net debt position comfortably within agreed facility limits.

 

The second half of this year saw the successful launch of a new payment services client, being a new contract won in the first half. The integration of the Company's acquisition of Celtech has been completed advancing the Company's technological roadmap considerably and resulting in a compelling customer proposition. The Company has continued to invest in its product offering and technical capabilities throughout the year and will continue to do so, leaving the Group well positioned to meet expected demand from new and existing customers in the coming financial year.

 

Jeremy Lewis, Chief Executive of Universe Group plc, commented: "The Company's employees and management have worked hard this year to keep customer service levels up in difficult circumstances. We are working on a small number of high-value projects while continuing to focus on a significant level of recurring and repeating business. We have a resilient financial position and are cautiously optimistic about our prospects for next year. We look forward to providing further updates as the new year progresses."

 

 

For further information:

Universe Group plc

Andrew Blazye, Non-Executive Chairman Jeremy Lewis, Chief Executive Officer

Carmel Warren, Chief Financial Officer

 

 

 

finnCap

Henrik Persson (Corporate Finance)

Matthew Radley (Corporate Finance)

Richard Chambers (ECM)

 

IFC Advisory

Tim Metcalfe

Graham Herring

Florence Chandler

Tel: +44 2380 689 510

 

 

 

 

 

 

 

Tel: +44 20 7220 0500

 

 

 

 

Tel: +44 20 3934 6630

 

 

 

 

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 and are offered out of the cloud on a software as a service model processing over 20 billion transactions every year. For further information, please see www.universe-group.co.uk

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTZZMZZNGFGGZM
Date   Source Headline
19th Jan 202212:28 pmRNSScheme Effective
19th Jan 20227:30 amRNSSuspension - Universe Group PLC
14th Jan 20225:30 pmRNSUniverse Group
14th Jan 20223:30 pmRNSExercise of Options, PDMR Shareholding and TVR
14th Jan 20223:15 pmRNSCourt Sanction of Scheme and Suspension
12th Jan 20228:31 amRNSForm 8.3 - [UNIVERSE GROUP PLC]
4th Jan 202211:30 amRNSResults of Court Meeting and General Meeting
23rd Dec 20219:58 amRNSForm 8.3 - [Universe Group]
17th Dec 20212:32 pmRNSForm 8.3 - Universe Group plc
17th Dec 20212:30 pmRNSScheme Timetable
17th Dec 20219:42 amRNSForm 8.3 - [UNIVERSE GROUP PLC]
14th Dec 20214:01 pmRNSForm 8.3 - Universe Group PLC
9th Dec 20213:23 pmRNSForm 8.3 - Universe Group plc
9th Dec 20211:33 pmRNSForm 8.3 - Universe Group plc
7th Dec 202112:52 pmRNSForm 8.3 - Universe Group Plc
3rd Dec 20216:17 pmRNSForm 8.3 - Universe Group PLC
3rd Dec 20211:48 pmRNSForm 8.3 - Universe Group plc
3rd Dec 20219:45 amRNSForm 8.3 - Universe Group plc
2nd Dec 20214:00 pmRNSPublication and Posting of Scheme Document
2nd Dec 20213:25 pmRNSForm 8.3 - Universe Group plc
2nd Dec 202111:30 amRNSForm 8 (OPD) Universe Group plc
1st Dec 20214:00 pmRNSForm 8.3 - Universe Group plc
1st Dec 20213:22 pmRNSForm 8.3 - Universe Group plc
1st Dec 20219:57 amRNSForm 8.3 - [UNIVERSE GROUP PLC]
30th Nov 20219:35 amRNSForm 8.3 - [UNIVERSE GROUP PLC]
29th Nov 20218:58 amRNSForm 8.3 - [UNIVERSE GROUP PLC]
25th Nov 20218:18 amRNSForm 8.3 - Universe Group PLC
24th Nov 20213:00 pmRNSHolding(s) in Company
24th Nov 20212:30 pmRNSForm 8.3 - Universe Group plc
24th Nov 20218:49 amRNSForm 8.3 - UNIVERSE GROUP PLC
23rd Nov 20215:50 pmGNWForm 8.3 - Universe Group plc
23rd Nov 20213:23 pmRNSForm 8 (DD) - Universe Group plc
23rd Nov 20213:22 pmRNSForm 8.3 - Universe Group PLC
23rd Nov 20213:21 pmRNSForm 8.3 - Universe Group plc
23rd Nov 202111:20 amRNSForm 8.3 - Universe Group plc
23rd Nov 20217:06 amRNSRecommended Acquisition of Universe
23rd Nov 20217:00 amRNSRecommended Acquisition of Universe Group plc
16th Nov 202110:15 amRNS£4.4m Agreement With An Existing Retail Customer
12th Nov 20217:37 amRNSHolding(s) in Company
29th Sep 20217:00 amRNSInterim Results
21st Jul 20217:00 amRNSGrant of options
13th Jul 20214:52 pmRNSDirector Dealings
29th Jun 20211:36 pmRNSResult of AGM
25th Jun 20213:45 pmRNSAGM Arrangements
24th Jun 202110:52 amRNSDirector Dealing
30th Apr 20217:00 amRNSFinal Results for the year ended 31 December 2020
23rd Apr 20217:00 amRNSBoard changes
7th Apr 20217:00 amRNSResults Update and Contract Win
17th Mar 20219:26 amRNSHolding(s) in Company
16th Mar 20211:28 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.