Vianet Group PLC
LSE:VNET
Vianet Group PLC
Vianet Group Plc operates as a holding company, which provides real-time monitoring systems and data management services. The company is headquartered in Stockton-On-Tees, Durham and currently employs 143 full-time employees. The company went IPO on 2006-10-26. The firm provides provide data services, actionable management information, and business insight to the hospitality, unattended retail vending, and remote asset management sectors. Combining data from its customers’ assets with its cloud-based, Internet of things (IoT) solutions, the Company delivers insight and analysis that drives operational performance. The company has approximately 300 customers and nearly 215,000 connected devices across the United Kingdom, Europe, and the United States. The company operates in two core business verticals. Its Smart Machines solution is designed for the unattended coffee, snack and soft drink vending machine market. its Smart Zones solution is designed for the pub and hospitality industry, both connecting customers to their assets and delivering insights and analytics in real-time.
Vianet Group Plc operates as a holding company, which provides real-time monitoring systems and data management services. The company is headquartered in Stockton-On-Tees, Durham and currently employs 143 full-time employees. The company went IPO on 2006-10-26. The firm provides provide data services, actionable management information, and business insight to the hospitality, unattended retail vending, and remote asset management sectors. Combining data from its customers’ assets with its cloud-based, Internet of things (IoT) solutions, the Company delivers insight and analysis that drives operational performance. The company has approximately 300 customers and nearly 215,000 connected devices across the United Kingdom, Europe, and the United States. The company operates in two core business verticals. Its Smart Machines solution is designed for the unattended coffee, snack and soft drink vending machine market. its Smart Zones solution is designed for the pub and hospitality industry, both connecting customers to their assets and delivering insights and analytics in real-time.
Profit Growth: Operating profit rose 10.4% to GBP 1.5 million, with EBITDA up 20% year-on-year, demonstrating improved efficiency.
Stable Revenue: Turnover stayed steady at GBP 7.67 million, with recurring revenues making up 84% of the total, providing good future visibility.
Dividend Increase: Dividend was raised 33% to 0.4p, reflecting management's commitment to progressive shareholder returns.
Strong Cash & Debt Position: Cash improved to GBP 2.57 million, and net debt was reduced to GBP 0.5 million, even after higher dividends and share buybacks.
UK & US Momentum: Hospitality division is showing growth in both UK and US markets, with new contract wins and progress in managed sectors.
Device Footprint Expansion: Unattended Retail devices increased from 36,000 to nearly 37,000, with higher-value cashless devices growing strongly.
Outlook Positive: Management expects future growth mainly from existing customers, with a strong commercial pipeline and further technology investment.
