AGM Statement and Trading Upd

RNS Number : 3632P

Brulines Group PLC

15 July 2010

 



Press Release

15 July 2010

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 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:

 "Trading in the current year has been in line with management's expectations with the Group's leisure division benefitting from high levels of recurring revenues, further i-draught installations in the UK and overseas, and encouraging commercial progress with our Vianet vending telemetry solutions.

"Despite the uncertainty surrounding the wider economy, the Board is confident that Brulines' i-draught systems will continue to develop increasing demand due to the operational transparency and benefits that they can offer any pub licensee and operator, as evidenced by the recent preliminary results announcement from our partner, Greene King.

"Significant progress has been made on diversification into the forecourt sector where the Group aims to deliver a market leading, integrated toolbox of data management, analysis, and associated products and services that allow forecourt operators to optimise return on investment from their fuel stocks and the assets designed to store, control and issue fuel.

 

"Recent acquisitions will provide us with a unique one stop shop portfolio of leading products.  These include wet stock analysis, fuel pump calibration, adjustment and legal verification, forecourt audit and compliance services, gauging systems, tank lining, LPG and forecourt services, web based contract management solutions, and project management.  Across the Forecourt Services Division, we now supply solutions to UK forecourt retailers accounting for over 60% of the fuel sold in the UK.  The Group is confident that we are now well placed to replicate for forecourt customers our success in the leisure sector.

"We are very pleased that our progress is being sustained in the current climate which provides a real opportunity for our recent acquisitions to gain market share.  With an expanded offering and continued success in the Group's traditional markets, the Board is confident of maintaining Brulines' growth in the future."

- Ends -

Enquiries:

Brulines Group plc
James Dickson, Chief Executive	Tel: [phone]
[e-mail]

Cenkos Securities plc
Stephen Keys / Camilla Hume	Tel: [phone]
	www.cenkos.com

Media enquiries:

Abchurch Communications
Sarah Hollins [e-mail]	Tel: [phone] 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.

FORECOURT SERVICES DIVISION

Through its Forecourt Services Division, Brulines offers a market leading, integrated toolbox of data management, analysis, and associated services that allow forecourt operators to optimise return on investment from their fuel stocks and the assets designed to store, control and issue fuel. The Forecourt Services Division and its associated services have been built through a series of strategic acquisitions starting with Edensure, a wet stock management business, in October 2008. The acquisition of Energy Level Systems Ltd (ELS) Ltd; the gauging systems, tank lining, LPG and forecourt services business followed in April 2010. In June 2010, the Group acquired Retail Forecourt Solutions Ltd (RFS), the UK market leader in fuel pump calibration, adjustment and legal verification, and also a leading provider of forecourt audit and compliance services. Under the leadership of Managing Director Phil Maud, formerly Morrisons Supermarkets Forecourts Director, who joined in September 2009, the Forecourt Division supplies services to forecourt retailers that account for more than 60% of the fuel sold in the UK, including all the major supermarkets and the majority of the leading oil company brands.

Headquartered in Stockton-on-Tees, Brulines employs more than 290 people. 

For further information, please visit www.brulines.com

 

END

 

 

MSCRIMATMBTBBFM