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5 Jul 2012 07:00
Press Release | 05 July 2012 |
Vianet Group plc
("Vianet" or "the Group")
AGM Statement and Trading Update
Vianet Group plc (AIM:VNET), the leading provider of real time monitoring systems and data management services for the leisure and forecourt services sectors, will be holding its Annual General Meeting today at 09:00 hrs at Grant Thornton UK LLP, 1 Whitehall Riverside, Leeds.
James Newman, Chairman, will provide the following trading update at today's meeting:
"I am pleased to report that trading in the first quarter has been in line with management's expectations. Commercial progress across the Group has continued, particularly for iDraughtTM, Nucleus Smart TillsTM and our VendExpertTM vending telemetry solution.
"The Vianet Fuel Solutions division is experiencing strong interest and gaining traction for its end to end product portfolio with forecourt operators and is expected to achieve monthly breakeven during the H1.
"Although the Board believes challenging economic conditions will continue for some time yet, we are encouraged by the growth prospects across the Group's divisions and view the future with confidence."
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Enquiries:
Vianet Group plc | |
James Dickson, Chief Executive | 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:
Abchurch Communications | |
Joanne Shears / Oliver Baxendale oliver.baxendale@abchurch-group.com | Tel: +44 (0) 207 398 7720 www.abchurch-group.com |
About Vianet
Vianet Group is focused on the provision of real time monitoring systems and data management services for the UK's leisure and petrol forecourt sectors. Since its admission to AIM in 2006, the Group has grown both organically and through a series of strategic acquisitions to give the Group access to key vertical markets. The Group operates two divisions which comprise five key product groups:
LEISURE DIVISION
Beer Monitoring (BMS) | The Group's core product, BMS, is widely used by owners and operators within the UK licensed on-trade, especially the tenanted / leased pub sector. Flow meters connected to draught beer dispense lines send data via an on-site communication panel to a secure central database. Liquid volumes by fount, draught wine or post mix are tracked as they are served, thereby helping customers to maximise sales, service and quality as well as managing their costs. BMS is installed in over 18,000 pubs and manages data for more than one in three UK pubs. |
iDraughtTM
| A more recent and rapidly growing product offer is iDraughtTM, an extension of the Group's BMS, which scrutinises the quality of products running through beer lines in a bar; measuring volume, temperature, flow rate and liquid type (e.g. beer, cleaning fluid or water) at the point of dispense. iDraughtTM is the first system to provide effective measurement of true yields on draught products. Actual dispense volumes are compared with till transactions to identify shrinkage from products given away, pilferage and wastage. iDraughtTM measures the precise temperature of every pint as it is dispensed, the time taken to dispense each drink, and automatically identifies the liquid allowing customers to know exactly when lines are cleaned. Wherever they are, customers can stay in control through accessing their information on a secure web site. |
Gaming Machine Data Services
| The acquisition of Coin Metrics in May 2007 was a strong strategic fit with Vianet's existing Machine Insite business which already provides gaming machine data management and consultancy services to operators within the pub, club and leisure markets. Customers benefit from state-of-the-art real-time data capture and reporting systems that deliver improved machine profitability and operational security. |
VendExpertTM Vending Telemetry
| The Group's subsidiary Vianet Limited is a pan-European provider of telemetry solutions and data applications to the vending industry. It provides services for all vending management needs; from operations, sales, field services, national accounts to senior management.
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FUEL SOLUTIONS DIVISION
UK Petrol Forecourt Fuel Asset Management Services | Vianet Fuel Solutions ("VFS"), supplies key management information and associated services to independent, multi branded owner, and supermarket petrol forecourt operators to ensure they have total visibility and control of their end-to-end business via a single web-based solution. VFS offers the only one stop shop offering for end-to-end fuel asset management products and services, which allow customers to maximise ROI from fuel stocks and assets which store, control and issue fuels. Our wet stock analysis provides key management information to independent, multi branded owner, and supermarket petrol forecourt operators helping them to reduce loss of fuel and improve profitability. VFS is the UK market leader in fuel pump calibration, adjustment and legal verification, and also a leading provider of forecourt audit and compliance services. Our proprietary web-based contract management solutions for forecourt operations have been designed to significantly simplify management of multiple contractors for both reactive and preventive maintenance, as well as ensuring regulatory compliance in a sector where exemplary control measures are essential. In addition, VFS offers forecourt engineering and project management solutions to a number of forecourt operators. VFS is the UK distributor for OPW Fuel Management System's tank gauging solutions and also performs tank relining, liquefied petroleum gas and small forecourt service works.
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Headquartered in Stockton-on-Tees, Vianet employs more than 270 people.
For further information, please visit www.vianetplc.com
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