Ubisense Group PLC Year End Trading Update (0469W)
22 Janeiro 2013 - 5:00AM
UK Regulatory
TIDMUBI
RNS Number : 0469W
Ubisense Group PLC
22 January 2013
22 January 2013
Ubisense Group plc
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 full year to 31
December 2012.
The Group has displayed good momentum in the second half of the
period but timing of some projects has led to revenue growth below
market expectations and profitability in line with consensus
expectations for the full year.
The Geospatial business is expected to deliver revenues slightly
below the previous year but with increasing software sales,
including promising early sales progress with the MyWorld product,
resulting in improved margins.
In RTLS, the business continued to exhibit robust double-digit
percentage revenue growth to help drive the Group's overall
performance. The momentum in the second half was characterised by
an increase in the scope and size of contracts, including
production acceptance by Daimler. In addition, new installations
were completed at BMW, BAE Systems, Hyundai, Lufthansa and US
Steel.
The performance in RTLS was aided by the strategic partnership
with Atlas Copco which has driven significant sales growth and
introduced a number of high quality manufacturers to Ubisense's
technology including Audi, John Deere and Smart.
Innovation remains critical to Ubisense's long-term future with
the Group continuing to invest in next generation products and
applications extending the Smart Factory Solution Suite.
The Group hadnet cash at 31 December 2012 of GBP2.6million.
Ubisense continues to evaluate acquisition opportunities to
supplement the RTLS business and further accelerate growth.
Richard Green, Chief Executive Officer, commented:
"We are pleased with the progress seen in the second half which
will allow the Group to deliver a robust performance for the full
year. Momentum within RTLS continues which is reflected in our
strong pipeline and order book. We remain confident about
capitalising on the substantial opportunities we see in high value
manufacturing in order to continue to drive growth for the
Group."
Ubisense expects to publish Preliminary Results for the full
year in the week commencing 18 March 2013.
-ENDS-
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
Jon Snowball
Tracey Bowditch
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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