REG - Vianet Group PLC - AGM Statement

VianetAnnouncement

05/09/2023 07:00

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RNS Number : 3349L  Vianet Group PLC  05 September 2023

 

 

05 September 2023

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
platform ("IOT"), will be holding its Annual General Meeting ("AGM") today at
12.00 p.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:

 

"As I commented in June, at the time of our Full Year results, the business
has made further progress towards its pre-pandemic revenue levels and it is
pleasing to announce that this progress continues, with trading in line with
our expectations. The new initiatives we implemented in FY2023 are not only
delivering new customers but have also solidified our existing relationships
and broadened the range of services that we are able to offer to our customer
base.

 

The Group remains exceptionally well-positioned to continue to deliver growth
as we execute our long-term strategic plan and explore future strategic
opportunities for Vianet, and I look forward to providing further colour at
the time of our trading update in mid-October."

 

- Ends -

 

Enquiries:

 Vianet Group plc
 James Dickson, Chair/CEO                                Tel: +44 (0) 1642 358 800
                                                         www.vianetplc.com (http://www.vianetplc.com)
 Cenkos Securities plc
 Stephen Keys / Camilla Hume      Tel: +44 (0) 20 7397 8900

                                www.cenkos.com (http://www.cenkos.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.

For further information, please visit www.vianetplc.com
(http://www.vianetplc.com/)

 

 

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