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12 Jul 2011 07:00
Press Release | 12 July 2011 |
Brulines Group plc
("Brulines" or "the Group")
AGM Statement and Trading Update
Brulines Group plc (AIM:BRU), the leading provider of real time monitoring systems and data management services for the leisure and forecourt solutions 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:
"Trading in the first quarter has been in line with management's expectations. We are pleased to report encouraging commercial progress across the Group, particularly for the iDraught, Nucleus Smart till and Vianet vending telemetry solutions.
"The Forecourt Solutions division's operational integration is progressing to plan, whilst its end to end product portfolio is developing strong interest with forecourt operators.
"Whilst the economic backdrop remains challenging, the progress that the Group has made on key products provides encouraging divisional growth prospects and the Board is confident that this will drive a return to growth this year."
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Enquiries:
Brulines Group plc | |
James Dickson, Chief Executive | Tel: +44 (0) 1642 358 800 |
james.dickson@brulines.com |
Cenkos Securities plc | |
Stephen Keys / Camilla Hume | Tel: +44 (0) 20 7397 8900 |
www.cenkos.com |
Media enquiries:
Abchurch Communications | |
Joanne Shears / Mark Dixon / Oliver Baxendale mark.dixon@abchurch-group.com | Tel: +44 (0) 207 398 7729 www.abchurch-group.com |
About Brulines
Brulines 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 products:
LEISURE DIVISION
Dispense Monitoring (DMS) | The Group's core product, DMS, 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. DMS is installed in over 22,000 pubs and manages data for more than one in three UK pubs. |
i-draught (formerly BQM) | A more recent and rapidly growing product offer is i-draughtTM, an extension of the Group's DMS, 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. i-draught 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. i-draught 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 Brulines' 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. |
Vending Telemetry
| The Group's subsidiary Vianet is a pan-European provider of telemetry solutions and data applications to the vending industry. Vianet provides services for all vending management needs; from operations, sales, field services, national accounts to senior management.
|
FUEL SOLUTIONS DIVISION
UK Petrol Forecourt Data Services | The Group's wholly-owned subsidiary, Edensure, supplies key management information to independent, multi branded owner, and supermarket petrol forecourt operators in the UK which helps reduce loss of fuel and improve profitability. Edensure provides petrol retailers with an unrivalled level of accuracy in the monitoring and management of their wet stock, using the most sophisticated analytical techniques available worldwide.
This division has been further strengthened by the acquisitions of Energy Level Systems in March 2010, the UK distributor of OPW Fuel Management Systems tank gauging solutions, and Retail & Forecourt Solutions in June 2010, the market leader in fuel pump calibration, adjustment and legal verification, and also a leading provider of forecourt audit and compliance services. The acquisition of LBI Installations Ltd, also in June 2010, brought additional expertise in the area of web-based contract management solutions for forecourt operations. |
Headquartered in Stockton-on-Tees, Brulines employs more than 240 people.
For further information, please visit www.brulines.com
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