Trading Update and Notice of Results

RNS Number : 5648V

Vianet Group PLC

19 April 2016

 

Press Release

19 April 2016

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, data management services, and actionable insights for the leisure and vending sectors, today provides the following trading update ahead of the Group's preliminary results for the year ended 31 March 2016, which are expected to be released on Tuesday, 7 June 2016.

Trading for the second half of the year has been 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 £3.18 million.

The Group's UK core beer flow monitoring including iDraught operations has strengthened its market position and maintained its contribution despite ongoing pub closures.

Vending Telemetry is benefitting from the Group's increased investment in people and capability during the year which has resulted in good revenue growth during the second half, with the prospects for this business remaining excellent.

Sale of the Group's Fuel Solutions Division was completed on 31 January 2016 strengthening the Group's cash position.

The Group's progress provides an encouraging outlook for 2016/17 and, 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 2016 be maintained at 4 pence.

James Dickson, Chairman, commented:  "Against a backdrop of ongoing pub closures and increased investment, the Group has delivered year-on-year profit growth.  Importantly, there has been solid overall progress across the core businesses and the sale of Fuel Solutions will allow full focus on our Leisure and Vending businesses where the medium to long term prospects are exciting, particularly for telemetry and payment solutions for the coffee vending market." 

An audio cast of the full year results presentation given by Stewart Darling (Chief Executive) and Mark Foster (Chief Finance Officer), will be released at 0700hrs on Tuesday, 7 June 2016 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: [phone]
	www.vianetplc.com

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

Media enquiries:

Abchurch Communications
Quincy Allan / James Burman [e-mail]	Tel: [phone] www.abchurch-group.com

About Vianet

The Vianet Group provides real time monitoring systems, data management solutions, actionable data insights, and associated services for the leisure and vending 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, especially in vending telemetry and contactless payment solutions particularly for the premium coffee sector.

Headquartered in Stockton-on-Tees, Vianet employs more than 160 people.  For further information, please visit www.vianetplc.com

 

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