TIDMBRU
RNS Number : 8391Q
Brulines Group PLC
26 October 2011
Press Release 26 October 2011
Brulines Group plc
("Brulines" or "the Group")
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, provides the following trading update
in advance of its interim results for the six months ended 30
September 2011 which will be announced on 6 December 2011.
Trading in the Group's core beer monitoring business has been
pleasing despite some initial delays to iDraughtTM installation
programmes. The Group has secured several major customer contract
extensions which include installation of iDraughtTM, the Group's
bar management solution to drive Profit and Quality, which now
accounts for almost nine percent of our total installation base.
The launch of our Nucleus Smart TillTM EPOS system has been well
received and has already gained good sales traction.
Although the Fuel Solutions Division's first quarter performance
was held back by integration issues, these have now been resolved
and the division is now trading positively and has made good
progress in gaining new business as the market's only end-to-end
solution for forecourt operators.
The Group continues to reduce losses associated with Vianet and
the Board is encouraged by its ongoing success in developing
existing contracts and in progressing significant new sales
opportunities with several major international brand owners.
As announced on 26 October 2011, the acquisition of Lookout
Solutions ("Lookout") was a significant step for the Group's
Vending Telemetry business. Lookout's leading vending management
software application, combined with Vianet's leading contactless
payment processing and vending telemetry solutions, provides a
compelling end-to-end solution for brand owners and vending
operators as the Company aims to become the market leader in the
provision of these solutions for the global vending market.
Whilst the Board fully expects the difficult economic
environment and current challenging trading conditions to continue
for some time yet, the future growth prospects across the Group's
Leisure and Fuel Solutions divisions are very encouraging and
management continues to view the future with confidence. The Board
anticipates maintaining the current dividend policy as the Group
continues to generate cash from its core business.
An analyst briefing to be given by James Dickson, Chief
Executive, and Mark Foster, Finance Director, will be held at 9.30
am on Tuesday, 6 December 2011 at Abchurch Communications, 16th
Floor, 125 Old Broad Street, London, EC2N 1AR.
- Ends -
Enquiries:
Brulines Group plc
James Dickson, Chief Executive Tel: +44 (0) 1642 358
Mark Foster, Finance Director 800
james.dickson@brulines.com www.brulines.com
Cenkos Securities plc
Stephen Keys / Camilla Hume Tel: +44 (0) 20 7397
8900
www.cenkos.com
Media enquiries:
Abchurch Communications
Joanne Shears / Mark Dixon / Oliver Tel: +44 (0) 207 398
Baxendale 7729
mark.dixon@abchurch-group.com 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 The Group's core product, DMS, is widely used
(DMS) 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.
iDraught A more recent and rapidly growing product offer is iDraughtTM, an extension of the Group's
(formerly BQM) 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. iDraught 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 The acquisition of Coin Metrics in May 2007 was a strong strategic fit with Brulines' existing
Machine Data Machine Insite business which already provides gaming machine data management and consultancy
Services 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 The Group's subsidiary Vianet is a pan-European provider of telemetry solutions and data
Telemetry applications
to the vending industry. Vianet provides services for all vending management needs; from
operations,
sales, field services, national accounts to senior management.
FUEL SOLUTIONS DIVISION
UK Petrol The Group's wholly-owned subsidiary, Edensure, supplies
Forecourt key management information to independent, multi branded
Data Services owner, and supermarket petrol forecourt operators in
the UK which helps reduce loss of fuel and improve profitability.
Edensure provides petrol retailers with an unrivalled
level of accuracy in the monitoring and management of
their wet stock, using the most sophisticated analytical
techniques available worldwide.
This division has been further strengthened by the acquisitions
of Energy Level Systems in March 2010, the UK distributor
of OPW Fuel Management Systems tank gauging solutions,
and Retail & Forecourt Solutions in June 2010, the market
leader in fuel pump calibration, adjustment and legal
verification, and also a leading provider of forecourt
audit and compliance services. The acquisition of LBI
Installations Ltd, also in June 2010, brought additional
expertise in the area of web-based contract management
solutions for forecourt operations.
Headquartered in Stockton-on-Tees, Brulines employs more than
240 people.
For further information, please visit www.brulines.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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