Ubisense Group PLC Half year end trading update (3125I)
24 Julho 2012 - 3:00AM
UK Regulatory
TIDMUBI
RNS Number : 3125I
Ubisense Group PLC
24 July 2012
24 July 2012
Ubisense Group plc
Half year end trading update
Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company")
(LSE:UBI), a market leader in location based smart technology,
provides an update on trading performance for the half year to 30
June 2012.
The business as a whole has continued to see good momentum and
expects to report revenues at the half year which, on an underlying
basis, are ahead of the same period in the preceding year.
The Geospatial division has continued to perform in line with
Board expectations, and the contribution of the acquisitions
completed in 2011 has been particularly pleasing.
In RTLS, the sales momentum has also continued to be strong and
excellent progress has been made with a number of new customer
signings, several of which have come through Atlas Copco. The
division has continued to invest in this relationship which has
helped to drive these orders. Whilst new business opportunities
continue to grow, we experienced some delays with a small number of
orders from the North American market. One of these orders has
since been signed and the others are expected to come through
during the second half.
The result of these delays is that full year revenues are likely
to be marginally lower than previously expected and this, along
with the increased investment, will have an effect on the Group's
reported earnings for the year to December 2012, which are now
expected to be within, but at the lower end of, market
expectations.
Ubisense has a strong balance sheet with net cash at 30 June
2012 of over GBP3 million.
Richard Green, Chief Executive, commented:
"The Group has had a good first six months of 2012. The number
of automotive opportunities in RTLS continues to increase as we are
seeing more and more activity through our relationship with Atlas
Copco. We remain confident in the long term prospects for the
business."
Ubisense expects to publish its results for the half year to 30
June 2012 on 4 September 2012.
Contact:
Ubisense Group Tel: +44 (0) 1223 535170
Richard Green
Gordon Campbell
Canaccord Genuity Limited (NOMAD) Tel: +44 (0) 20 7050 6500
Simon Bridges
Kit Stephenson
FTI Consulting Tel: +44 (0) 20 7831 3113
James Melville-Ross
Jon Snowball
About Ubisense
Ubisense is a market leader of location-based smart technology
which enables companies to optimise their business processes. By
keeping track of key assets, Ubisense solutions bring clarity to
complex operations in industries while also improving quality and
reliability.
Ubisense uses a unique combination of advanced industry
knowledge and an experienced team to deliver effective and superior
solutions that offer unprecedented visibility, control and
accuracy, delivering time and cost savings. Ubisense solutions are
easy to implement and flexible to a particular businesses needs, no
matter which area of the globe they operate in.
Ubisense offers two location-oriented products; RTLS (Real-time
Location Solutions) and Geospatial Systems and operates in a number
of industries ranging from manufacturing and utilities to
transportation and is used by a number of blue chip customers
across the world, such as BMW, Airbus, Aston Martin, Caterpillar
and Deutsche Telekom.
Ubisense is headquartered in Cambridge, UK, with offices in the
USA; Canada; France; Germany; Singapore and Korea. For more
information visit: www.ubisense.net.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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