REG - Vianet Group PLC - AGM Statement

VianetAnnouncement

18/07/2024 07:00

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RNS Number : 8339W  Vianet Group PLC  18 July 2024

 

18 July 2024

Vianet Group plc

 

("Vianet" or the "Group")

AGM Statement

 

Vianet Group plc (AIM: VNET), the leader in delivering actionable data and
business insights through an integrated ecosystem of hardware devices,
software platforms and smart insights portals, will be holding its Annual
General Meeting ("AGM") today at 11.00 a.m. at the offices of Vianet Group
plc, One Surtees Way, Surtees Business Park, Stockton on Tees, TS18 3HR.

 

James Dickson, Chair, will provide the following trading update at today's
meeting:

 

"I am pleased to report that the positive momentum observed at the time of our
Full Year results has continued, with the business making further progress in
line with management expectations. Our strategic initiatives and investments
in sales, technology, and new markets are successfully attracting new
customers, strengthening existing relationships and expanding our range of
services.

 

The secured contracts have contributed to a robust sales pipeline which we are
focussed on delivering. The Group is strongly positioned for continued growth
as we continue to execute on our long-term strategic plan and explore future
strategic opportunities for Vianet.

 

I look forward to providing further colour at the time of our trading update
in mid-October."

 

- Ends -

 

 Enquiries:
 Vianet Group plc
 James Dickson, Chairman & CEO      Tel: +44 (0) 1642 358 800

 Mark Foster, CFO                   www.vianetplc.com (http://www.vianetplc.com)
 Cavendish Capital Markets
 Stephen Keys / Camilla Hume        Tel: +44 (0) 20 7220 0500

                                    www.cavendish.com (http://www.cavendish.com)

Investor enquiries:

 Dale Bellis           Tel: +44 (0) 20 7397 8900

 

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 develop new businesses, especially in vending telemetry
and contactless payment solutions particularly for the premium coffee sector.

Servicing over three hundred 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 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 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.

 

 

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