Latest News
October 2008
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.
