Vianet Group PLC AGM Statement (4158D)
26 June 2019 - 4:00PM
UK Regulatory
TIDMVNET
RNS Number : 4158D
Vianet Group PLC
26 June 2019
26 June 2019
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 ("AGM") 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:
"The good momentum experienced last year has continued into the
new financial year, with the Group's trading in the first two
months being slightly ahead of the Board's expectations. Positive
results are coming from our focus on strong growth opportunities in
the Smart Machines division, whilst delivering technology upgrades
for customers of Smart Zones.
Smart Machines' leading end-to-end product suite and established
presence continues to create strong growth opportunities across the
UK and Europe, with further contracts won in the past months.
Encouraging progress has been made on the significant opportunity
to overlay circa 200,000 Vendman mobile connections with higher
value Smart Machines connections and cross sell from the integrated
portfolio to existing customers and vending operators
internationally.
The Group is making further sales investment in Smart Machines,
with an extra focus on developing our capability and accelerating
growth from our leading position in coffee device and contactless
payment connectivity where sales progress continues.
Building on the momentum from several major customer technology
upgrade programs, the Smart Zones division is currently trading
marginally ahead of last year, as the Group manages performance
back towards growth whilst advancing prospects both in the UK pub
market and significant US hospitality market.
The Group is in good shape to deliver strong earnings growth and
to 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 / Cameron MacRitchie Tel: +44 (0) 20 7397
8900
www.cenkos.com
Media enquiries:
Yellow Jersey PR
Sarah Hollins Tel: +44 (0)7764 947
Henry Wilkinson 137
vianet@yellowjerseypr.com Tel: +44 (0)7951 402
336
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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