News

News

July 2012

AGM Statement and Trading Update

Vianet Group plc (AIM:VNET), the leading provider of real time monitoring systems and data management services for the leisure and forecourt services sectors, will be holding its Annual General Meeting today at 09:00 hrs at Grant Thornton UK LLP, 1 Whitehall Riverside, Leeds.

 

James Newman, Chairman, will provide the following trading update at today’s meeting:

 

“I am pleased to report that trading in the first quarter has been in line with management’s expectations. Commercial progress across the Group has continued, particularly for iDraughtTM, Nucleus Smart TillsTM and our VendExpertTM vending telemetry solution.

 

“The Vianet Fuel Solutions division is experiencing strong interest and gaining traction for its end to end product portfolio with forecourt operators and is expected to achieve monthly breakeven during the H1. 

 

“Although the Board believes challenging economic conditions will continue for some time yet, we are encouraged by the growth prospects across the Group’s divisions and view the future with confidence.

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