Trading Update

RNS Number : 1067Y

Ubisense Group PLC

21 January 2014

 



21 January 2014

Ubisense Group plc

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 full year to 31 December 2013.

The Group continued to display considerable momentum in the second half with its converged technology offering, leading to significant contract wins during the period, and expects to deliver results in line with the Board's expectations. The Group achieved record orders for the year totalling £32 million, up 30% on the prior year.

Following the Group's acquisition of the Geoplan Group in December last year, the integration is progressing smoothly and the enlarged business has experienced solid early sales engagements with major industrial groups in Japan and Korea.

The Group had cash, deposits and securities of £3.8m and bank debt of £3.5m at 31 December 2013.

The Group expects to report its final results for the full year ended 31 December 2013 on 25 March 2014.

-ENDS-

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

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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