Vianet Group PLC AGM Statement (3349L)
05 September 2023 - 8:00AM
UK Regulatory
TIDMVNET
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
Cenkos Securities plc
Stephen Keys / Camilla Hume Tel: +44 (0) 20 7397 8900
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
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END
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