Vianet Group cheers pub work as revenues rise

A data monitoring firm helping pub landlords cut waste has raised a glass to future prospects after demand nudged revenues higher.

Vianet Group says it is “well-positioned for continued success” following sustained work across the retail and hospitality sectors.

Bosses say the Stockton-based company benefited from continued interest in its Beverage Metrics beer monitoring, stock and sales management system, which is “delivering an exciting roadmap for UK and US” expansion.

It was also boosted by 120 new contracts across the retail sector, where its software is used by vending machine operators to manage payments.

According to financial results for the year to March 31, the demand pushed total revenue slightly higher to £15.27 million.

Post-tax profit increased 60 per cent to £860,000.

Earnings across the firm’s hospitality division, which secured contracts with operators including Greene King, Punch and Heineken during its latest reporting period, increased by 4.7 per cent to £9.02 million, with operating profit 6.3 per cent better off at £4.18 million.

Revenues across its unattended retail division, which renewed agreements with The Vending People, Compass and fuel forecourt operator Wilcomatic, added nearly 9000 connected machines, though adjusted operating profit dipped from £2.46 million to £2.13 million.

James Dickson, chair, hailed the business’ progress, highlighting its successful navigation of “supply chain pressures, the 3G switch-off and economic and geopolitical uncertainties.”

He added: “These solid results underscore our focus on delivering exceptional customer value and position us for sustained growth.

“The current financial year has started positively, and we are well-positioned to deliver on our growth objectives.”

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