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
Mark Foster, CFO
|
Tel: +44
(0) 1642 358 800
www.vianetplc.com
|
|
Cavendish Capital Markets
|
|
|
Stephen Keys / Camilla Hume
|
Tel: +44
(0) 20 7220 0500
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.