Vianet Group PLC AGM Statement (8313S)
28 June 2018 - 4:01PM
UK Regulatory
TIDMVNET
RNS Number : 8313S
Vianet Group PLC
28 June 2018
Press Release 28 June 2018
Vianet Group plc
("Vianet" or the "Group")
AGM Statement
Vianet Group plc (AIM: VNET), the international provider of
actionable data and business insight through devices connected to
its Internet of Things ("IOT") platform, will be holding its Annual
General Meeting today at 11.00 am at the offices of Grant Thornton
UK LLP, No 1 Whitehall Riverside, Leeds, LS1 4BN.
James Dickson, Chairman, will provide the following trading
update at today's meeting:
"Benefitting from solid momentum into the new financial year,
the Group's trading in the first two months is broadly in line with
the Board's expectations. The business is also making good
strategic progress through our focus on strong growth opportunities
in the Smart Machines division.
The Smart Machines division, where there is real emphasis on
taking advantage of our leading position in coffee vending and
contactless payment device connectivity, is building sales momentum
which will fuel growth. The integration of Vendman is also
progressing well and traction is increasing as we seek to overlay c
200,000 Vendman mobile connections with higher value Smart Machines
connections and also cross sell from the portfolio to existing
customers and vending operators internationally.
In the Smart Zones division trading is marginally behind last
year so far due to installation phasing although there is
encouraging progress with revenue growth in our managed compliance
service.
The Board remains confident that Vianet's long term strategy is
the right one and that the Group is well positioned to deliver
earnings growth and expand the future strategic options for Vianet.
This is reflected in the Board's decision to recommend maintaining
the final dividend at 4p per share."
- Ends -
Enquiries:
Vianet Group plc
James Dickson, Chairman Tel: +44 (0) 1642 358
800
james.dickson@vianetplc.com www.vianetplc.com
Cenkos Securities plc
Stephen Keys / Camilla Hume Tel: +44 (0) 20 7397
8900
www.cenkos.com
Media enquiries:
Yellow Jersey PR
Sarah Hollins Tel: +44 (0)7764 947
Abena Affum 137
vianet@yellowjerseypr.com Tel: +44 (0)7555 159
808
www.yellowjerseypr.com
About Vianet
Vianet Group is a leading provider of actionable management
information and business insight created through combining data
from our smart Internet of Things ('IOT') solutions and external
information sources.
Since Admission to AIM in 2006, the Group has grown from its
core beer monitoring business both organically and through
strategic acquisitions to widen its offering and also develop new
businesses, especially in vending telemetry and contactless payment
solutions particularly for the premium coffee sector.
Servicing over 300 customers across the world and rendering live
data to our IOT platform from over 250,000 connected machines
daily, Vianet is one of the largest business to business (b2b)
connected solutions providers in Europe with established long term
relationships with blue chip customers and growing recurring
revenues which are over 85% of our total revenues.
In our Smart Machines Division we connect a single data
gathering device with its own on-board communication capability to
a customer's asset or system. The device then sends data back via
our IOT platform to cloud based servers. The technology was
originally developed for automated retailing machines, however the
flexibility and functionality of the device means the technology
can be applied to practically any machine which has the capability
to output data. The device is also used to connect our contactless
payment solution and communicate payment terms to our cloud based
payment services providers where that application is also
required.
The Smart Zones Division is where we connect multiple data
gathering devices into one or more systems or assets with the data
from those devices being communicated back to our IOT platform and
cloud based servers via a single 3G communications hub. The
technology was originally developed for flow monitoring devices,
temperature sensors, and asset management in drinks retailing but
practically any data gathering device with a digital output could
be connected to the communications hub where required such as
gaming machines, utilities management and EPOS.
For further information, please visit www.vianetplc.com
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END
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