Half Year End Trading Update

RNS Number : 7939M

Ubisense Group PLC

21 July 2014

 



21 July 2014

Ubisense Group plc

Half Year End Trading Update

Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company") (AIM: UBI), a market leader in real time location intelligence solutions, provides the following update on trading performance for the half year to 30 June 2014.

The Group has made substantial progress with its transition towards a Solutions-focused business model during the first half. Traction with our Smart Factory System and MyWorld products has been evidenced by the considerable number of new customer wins and extensions signed in the period, helping to deliver a c.45% increase in Solutions revenue compared to the same period last year.

The strong customer momentum has helped Ubisense achieve revenues of c £17m 40% up on the prior year and a closing order book as of 30 June 2014 of £16m.  As a result the Group is confident it is on track to deliver results in line with the Board's expectations.

Notable new Solutions customers in the period included Audi, General Motors, Duke Energy and Central Hudson. The Group was also able to expand its presence with a number of existing customers such as Airbus, Deutsche Telekom, Hyundai, VW, Cummins and another tier one German automotive manufacturer, where our Smart Factory solution is now deployed on seven assembly lines across multiple plants.

Following a smooth integration, Ubisense's Asia-based acquisition, Geoplan Group, continues to make strong progress winning a number of early stage deployments of Smart Factory System and myWorld with major strategic customers in Japan and Korea including Toyota, Hyundai, KEPCO and NTT.

The Group has also made positive advances through its enterprise partnerships with Google, and Atlas Copco, actively pursuing business opportunities together for both the myWorld and Smart Factory product suites.

The Group has a strong balance sheet position with cash, deposits and securities of £5.5m and drawn debt facilities of £4.8m as at 30 June 2014.

Ubisense expects to report its final results for the half year ended 30 June 2014 on Tuesday 16 September 2014.

-ENDS-

Contact:
Ubisense Group	Tel:  [phone]
Richard Green
Robert Parker
Canaccord Genuity Limited (NOMAD)	Tel: [phone]
Simon Bridges
Lucy Tilley
FTI Consulting	Tel: [phone]
Jon Snowball

About Ubisense

Ubisense is a market leader in real time location intelligence solutions which enable companies to optimise their business processes. By keeping track of key assets, Ubisense solutions bring clarity to complex operations whilst also improving quality and reliability. Ubisense Real-Time Location Intelligence Solutions are used by a number of blue chip customers across the world, such as AGCO, Airbus, Aston Martin, BMW, Cablevision, Daimler, Deutsche Telekom, Duke Energy, John Deere, MINI and VW.

Ubisense is headquartered in Cambridge, UK, with offices in the USA; Canada; France; Germany; Japan; Korea and Singapore. For more information visit: http://www.ubisense.net 

 

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