6th Oct 2008 07:00
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Press Release |
6 October 2008 |
Brulines Group plc
("Brulines" or "the Group")
Trading Update
Brulines Group plc (AIM:BRU), the market leading provider of real time monitoring systems and data management services for the UK leisure sector, provides the following trading update in advance of its interim results which are due to be announced on 2 December 2008.
The Board is pleased to announce that trading in the first half of the financial year has been as anticipated. Accordingly, the Group's interim results for the half year ended 26 September 2008 are expected to be in line with market expectations.
New installations, system replacements and upgrades have progressed as expected and continue to generate an ongoing year-on-year growth in recurring revenue and the higher margins associated with support services. Increased market penetration and broadening of our customer base for dispense monitoring have been the primary drivers of this growth.
The integration of Nucleus Data, purchased in January 2008, is delivering the expected synergies and is expected to be earnings enhancing in the current year.
Brulines are happy with progress on the commercial development of its beer quality and AWP monitoring products within the tenanted and managed sectors. The Group is progressing its strategy to expand into the US market. Brulines will comment further on these opportunities at the time of the interim announcement.
The acquisition of Edensure Ltd, Intelligent Forecourt Solution provider, is progressing with anticipated completion at the end of October 2008.
An analyst briefing to be given by James Dickson, Chief Executive and Mark Foster, Finance Director will be held at 9.30 am on Tuesday, 2 December 2008 at Abchurch Communications, 5th Floor, 100 Cannon Street, London, EC4N 6EU.
- Ends -
Enquiries:
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Brulines (Holdings) plc James Dickson, Chief Executive |
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Mark Foster, Finance Director |
Tel: +44 (0) 1642 358 800 |
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www.brulines.com |
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Cenkos Securities plc Stephen Keys |
Tel: +44 (0) 207 397 8924 |
Media enquiries:
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Abchurch |
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Sarah Hollins/ Chris Lane |
Tel: +44 (0) 113 203 1345 |
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www.abchurch-group.com |
About Brulines
Headquartered in Stockton-on-Tees, Brulines employs more than 200 people. The Company provides a complete 'information gateway' in more than 22,000 pubs in the UK, capturing a wide variety of valuable information that enables licensees, operators, owners and brewers the opportunity to improve their business success through increased knowledge.
A more recent and rapidly growing product offer is Brand Quality Monitoring, which scrutinises the quality of products running through beer lines in a bar; measuring volume, temperature, flow rate and liquid type (e.g. beer, cleaning fluid or water) at the point of dispense.
www.brulines.com
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