ONEV Oneview Grp

TIDMONEV

RNS Number : 8911M

OneView Group PLC

19 October 2016

OneView Group plc

("OneView" or the "Company")

Trading Update

OneView (AIM: ONEV), one of the retail industry's leading digital transformation software providers for in store customer service, provides the following trading update:

Winning it's first hosted customer in the UK was a pivotal event for OneView in the first half of the year, creating an important new recurring revenue stream. During this period the Company's principal focus was to get its existing customers live in their store estate and has also seen a growth in pipeline in the EMEA region and Australia.

The Company continues to see strong interest in its software and is confident that the current pipeline will deliver growth in the future. The mission critical nature of solutions means that sales cycles are long and can be difficult to predict and the Company has seen a number of delays in some of the major pipeline contracts. Accordingly, whilst the Board remains confident that the on-going discussions will come to fruition there can be no certainty on timing and as a result, the Company's revenue is likely to be below market expectations for the current financial year.

Further Details:

 
 OneView Group            Tel: 01634 
  plc                      673172 
 Stuart Mitchell, 
  CEO 
 Linda Palanza, 
  COO 
 Mark Wilson, Finance 
  Director 
 
 finnCap Limited          Tel: 0207 
                           220 0500 
 Geoff Nash 
 Grant Bergman 
 Stephen Norcross 
  (Broking) 
 
 Newgate Communications   Tel: 020 7653 
                           9848 
 Bob Huxford 
 Lydia Thompson 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 19, 2016 02:00 ET (06:00 GMT)

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