Vianet Group PLC Trading Statement (4032M)

TIDMVNET

RNS Number : 4032M

Vianet Group PLC

13 October 2016

 
 Press Release   13 October 2016 
 

Vianet Group plc

("Vianet", the "Company" or the "Group")

Trading Update

and Notice of Interim Results

Vianet Group plc (AIM: VNET), the leading provider of real time monitoring systems, data management services and business intelligence for the leisure and vending sectors, today provides the following trading update ahead of the Group's results for the half year ended 30 September 2016, which are scheduled for release on Tuesday, 6 December 2016.

Trading for the Group's continuing businesses for the first half of the current financial year was ahead of the same period last year, achieving good growth in line with the Board's expectations. Against that background the Board intends to declare a maintained interim dividend of 1.7 pence per share.

The Group's UK core beer flow monitoring operations, including iDraught, has continued to strengthen its market position and maintained its contribution, and encouragingly there are signs that the rate of pub closures in the sector has slowed down.

Vending Telemetry has continued to extend its penetration of the European market which has helped deliver first half growth, with good ongoing prospects.

James Dickson, Chairman, commented: "We have continued to make good commercial progress by delivering highly relevant solutions that drive strong returns for our customers. Given the Group's encouraging prospects and mindful of our desire to continue to provide a superior yield for our shareholders, the Board intends to declare a maintained interim dividend of 1.7 pence per share."

An audio cast of the interim results presentation given by Stewart Darling (Chief Executive) and Mark Foster (Chief Finance Officer), will be released at 0700hrs on Tuesday, 6 December 2016 on the Group's website www.vianetplc.com with the link also being distributed by Yellow Jersey PR.

- Ends -

Enquiries:

 
 Vianet Group plc 
 James Dickson, Chairman       Tel: [phone] 
                                         358 800 
 [e-mail]   www.vianetplc.com 
 
 
 Cenkos Securities plc 
 Stephen Keys / Camilla Hulme   Tel: +44 (0) 20 
                                      7397 8900 
                                 www.cenkos.com 
 

Media enquiries:

 
 Yellow Jersey PR 
 Sarah Hollins                                     Tel: [phone] 
  [e-mail]                                  947 137 
                                             www.yellowjerseypr.com 
 
 

About Vianet

Vianet Group provides real time monitoring systems, data management solutions, business intelligence, and associated services for the leisure and vending sectors. Since its 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 to pub and bar retailers with its industry leading product iDraught. The Group has also developed new businesses, especially in vending telemetry and contactless payment solutions particularly for the premium coffee sector.

For further information, please visit www.vianetplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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October 13, 2016 02:00 ET (06:00 GMT)