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Trading Update

21st Jan 2014 07:00

RNS Number : 1067Y
Ubisense Group PLC
21 January 2014
 



 

21 January 2014

Ubisense Group plc

Trading Update

Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company") (AIM: UBI), a market leader in real time location intelligence solutions, provides the following update on trading performance for the full year to 31 December 2013.

 

The Group continued to display considerable momentum in the second half with its converged technology offering, leading to significant contract wins during the period, and expects to deliver results in line with the Board's expectations. The Group achieved record orders for the year totalling £32 million, up 30% on the prior year.

 

Following the Group's acquisition of the Geoplan Group in December last year, the integration is progressing smoothly and the enlarged business has experienced solid early sales engagements with major industrial groups in Japan and Korea.

 

The Group had cash, deposits and securities of £3.8m and bank debt of £3.5m at 31 December 2013.

 

The Group expects to report its final results for the full year ended 31 December 2013 on 25 March 2014.

 

 

-ENDS-

Contact:

Ubisense Group

Tel: +44 (0) 1223 535170

Richard Green 

Gordon Campbell

Canaccord Genuity Limited (NOMAD)

Tel: +44 (0) 20 7523 8000

Simon Bridges

Lucy Tilley

FTI Consulting

Tel: +44 (0) 20 7831 3113

Jon Snowball

Tracey Bowditch

About Ubisense

Ubisense is a market leader in real time location intelligence solutions which enable companies to optimise their business processes. By keeping track of key assets, Ubisense solutions bring clarity to complex operations whilst also improving quality and reliability. Ubisense Real-Time Location Intelligence Solutions are used by a number of blue chip customers across the world, such as AGCO, Airbus, Aston Martin, BMW, Cablevision, Daimler, Deutsche Telekom, Duke Energy, John Deere, MINI and VW.

Ubisense is headquartered in Cambridge, UK, with offices in the USA; Canada; France; Germany; Japan; Korea and Singapore. For more information visit: http://www.ubisense.net 

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