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Trading Update and Notice of Results

10th Nov 2016 10:32

RNS Number : 8721O
OneView Group PLC
10 November 2016
 

 

10 November 2016

 

OneView Group plc

("OneView" or the "Company")

 

Trading Update and Notice of Results

 

 

OneView (AIM: ONEV), one of the retail industry's leading digital transformation software providers for in store customer sales and service, provides a trading update further to that of 19 October 2016.

 

The focus in the first half was to work with existing large global retailers to get solutions live in their store estates with good progress being made. Notable also was the signing and implementation of the first hosted customer in the UK and the signing of a second fully hosted solution at Molton Brown last month. The Company has seen growth in its pipeline in the EMEA region and Australia but as previously reported sales cycles are long and timing of closure can be difficult to predict, resulting in contract delays.

 

OneView continues to see strong interest in its software and is confident that the current pipeline will deliver future growth. However revenues in the first half were modest at approximately $1million. The board is working with existing shareholders and newly appointed brokers Hybridan and expects to strengthen the balance sheet over the next six weeks.

 

Whilst the Board remains confident that the on-going discussions with potential new customers will come to fruition, there can be no certainty on timing and as a result revenues for the year may be below those achieved in the year ended 31 March 2016.

 

OneView will announce its interim results in the week commencing 12 December 2016.

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

Further Details:

 

OneView Group plc

Tel: 01634 673172

Stuart Mitchell, CEO

Linda Palanza, COO

Mark Wilson, Finance Director

finnCap Limited

Tel: 0207 220 0500

Geoff Nash

Grant Bergman

Stephen Norcross (Broking)

 

Hybridan

Claire Noyce

 

 

Tel: 0203764 2341

Newgate Communications

Tel: 020 7653 9848

Bob Huxford

Lydia Thompson

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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