UK's Vianet FY revenue rises on hospitality segment strength
UK's Vianet FY revenue rises on hospitality segment strength
Overview
UK data and payment solutions provider's revenue rose 1.5% for year ended 31 March 2026
Recurring revenue grew to 88% of total, with gross margin maintained at 68%
Company doubled final dividend and moved to net cash position
Outlook
Company enters FY2027 with growing recurring revenues and a strong balance sheet
Board says macroeconomic conditions remain uncertain, but medium-term prospects are strong
Company maintains progressive dividend policy, aiming to increase yield towards 5% medium-term
Result Drivers
RECURRING REVENUE GROWTH - Recurring revenue increased to 88% of group total, supporting earnings quality and predictability
HOSPITALITY DIVISION GROWTH - Hospitality revenue and operating profit rose, driven by new site installations and contract wins
SMART MACHINES HEADWINDS - Smart Machines revenue declined due to customer estate rationalisation from 3G to 4G LTE migration
Company press release: ID:nRSI4719Ha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| GBP 15.5 mln |
|
FY Gross Margin |
| 68% |
|
FY EBIT |
| GBP 4.51 mln |
|
FY Gross Profit |
| GBP 10.53 mln |
|
FY Pretax Profit |
| GBP 832,000 |
|
Analyst Coverage
Wall Street's median 12-month price target for Vianet Group PLC is GBp210.00, about 202.2% above its June 8 closing price of GBp69.50
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)