Ubisense Group PLC Trading Statement (8200M)
25 Janeiro 2016 - 5:00AM
UK Regulatory
TIDMUBI
RNS Number : 8200M
Ubisense Group PLC
25 January 2016
25 January 2016
Ubisense Group PLC
("Ubisense" or "the Group")
Trading Statement
Ubisense Group PLC (LON:UBI) gives the following update on
trading for its financial year ended 31 December 2015.
In the final few weeks of 2015, the Group closed many of its
targeted opportunities, resulting in full year revenues for 2015
being approximately GBP22 million.
The strategic restructuring of the business is now substantially
complete, and has delivered annualised cost savings in excess of
the GBP5 million previously indicated, resulting in an adjusted
EBITDA loss for the second half substantially smaller than that
recognised in the first half. Most importantly, the Group has
entered 2016 with a much lower operating cost base consistent with
current revenue levels.
Cash balances at the end of December were GBP5.4 million and
were above the Board's expectations, resulting in the Group being
in a GBP0.2m net debt position (2015: GBP3.2m) at the year end.
Peter Harverson, Chairman of Ubisense, commented:
"Following a challenging year, actions taken in the second half
to right-size the business have delivered a significantly improved
financial result for the half. The Group enters 2016 with a solid
order book, including a number of strategic sales awards, and
supported by a more appropriately sized cost base."
For further information contact:
Ubisense Group plc +44 (0)1223 535170
Richard Green
Tim Gingell
Numis Securities Limited +44 (0)20 7260 1000
Simon Willis (Corporate Finance)
Jamie Lillywhite (Corporate Finance)
Toby Adcock (Corporate Broking)
Redleaf Communications +44 (0)20 7382 4730
Rebecca Sanders-Hewett
David Ison
Harriet Lynch
About Ubisense
Ubisense (AIM: UBI), a global leader in Enterprise Location
Intelligence solutions, helps manufacturing, communications and
utility companies improve operational efficiency and boost
profitability. Ubisense location intelligence systems bring clarity
to complexity, enabling customers to revolutionise their
operational effectiveness in a measurable way. Founded in 2002,
Ubisense is headquartered in Cambridge, England, with offices in
North America, France, Germany and Japan. 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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