Last checked at 22 Apr 2015 07:00
Press Release | 22 April 2015 |
Vianet Group plc
("Vianet" or the "Group")
Trading Update and Notice of Results
Vianet Group plc (AIM:VNET), the leading provider of real time monitoring systems and data management services for the leisure, vending, and forecourt services sectors, today provides the following trading update ahead of the Group's preliminary results for the year ended 31 March 2015, which it is expected will be released on Thursday, 4 June 2015.
Trading for the second half of the year has been satisfactory as anticipated and, as a result, the Group's full year profits will be broadly in line with market expectations and ahead of last year's outturn of £3.048 million.
The Group's UK core beer flow monitoring operations has maintained its contribution despite continuing uncertainty around the Government's proposed Statutory Code for pub companies as well as ongoing pub closures.
Good progress continues to be made in Vending Telemetry with further growth in profits during the second half. The Board believes that the prospects for this business remain excellent, particularly with telemetry solutions for the coffee vending market, where significant headway has been made in delivering new orders through 2014/15.
The Group's Fuel Solutions Division has also made further good progress during the period as it benefitted from a reduced cost base, increased activity and improved margins. This has resulted in a small profit for the year and a solid pipeline into the current financial year.
Against this solid background, the Board expects to be in a position to recommend to shareholders that the final dividend for the year ended 31 March 2015 be maintained at 4.0 pence.
James Dickson, Chairman, commented: "Against a backdrop of ongoing pub closures and increased investment in the USA, the Group has delivered year-on-year growth. Importantly, there has been solid overall progress across the business and prospects are encouraging, particularly for telemetry solutions for the coffee vending market. Given the Group's prospects and continued investment, the Board is confident that growth will continue through the remainder of the current financial year."
An audio cast of the full year results presentation given by James Dickson (Chairman), Stewart Darling (Chief Executive) and Mark Foster (Chief Finance Officer), will be released at 0700hrs on Thursday, 4 June 2015 on the Group's website www.vianetplc.com with the link also being distributed by Abchurch Communications.
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Enquiries:
Vianet Group plc | |
James Dickson, Chairman Mark Foster, CFO | Tel: +44 (0) 1642 358 800 |
www.vianetplc.com |
Cenkos Securities plc | |
Stephen Keys / Mark Connelly | Tel: +44 (0) 20 7397 8900 |
www.cenkos.com |
Media enquiries:
Abchurch Communications | |
Henry Harrison-Topham / Quincy Allan
| Tel: +44 (0) 20 7398 7702 www.abchurch-group.com |
About Vianet
The Vianet Group is focused on the provision of real time monitoring systems, data management solutions and associated products for the leisure, vending and petrol forecourt sectors. Since its Admission to AiM in 2006, the Group has grown from its core Brulines beer monitoring business both organically and through strategic acquisitions to widen its offering to pub and bar retailers with its industry leading product iDraught as well as developing new businesses in vending telemetry, gaming machine data and petrol forecourt services.
Headquartered in Stockton-on-Tees, Vianet employs more than 230 people. For further information, please visit www.vianetplc.com