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Ubisense Group plc the market-leading location solutions company, has announced its interim results for the six months ended 30 June 2011

Ubisense Group plc

Interim revenues up 41%, strong revenue visibility for H2
Ubisense Group plc (AIM: UBI, "Ubisense" or the "Group"), the market-leading location solutions company, has announced its interim results for the six months ended 30 June 2011.

Financial highlights

  • Revenue increased 41% to £11.3m (H1 2010: £8.0m)
  • Adjusted EBITDA* of £0.4m (H1 2010: £0.5m)
  • Operating profit, excluding AIM admission costs, of £0.2m (H1 2010: £0.2m)
  • Reported operating loss £0.1m (H1 2010: operating profit £0.2m)
  • Adjusted diluted EPS** 2.6p (H1 2010: 2.7p)
  • Net cash of £8.1m

Other highlights

  • Initial public offering on AIM with substantially oversubscribed fundraising raising £5.0m before expenses for the Group and  £3.7m for selling shareholders
  • BMW global licence and orders for Cowley, UK and Shenyang, China
  • FPS sale to Deutsche Telekom
  • French subsidiary established

Richard Green, Chief Executive, said: 

We have delivered a robust set of results, our first, as a listed company, with a strong increase in revenues, a substantial order book and growing opportunity pipeline.

“Admission to AIM marked an important landmark in the Group’s development.  It hasprovided us with a strong platform to support the rapid growth of our business and to leverage existing customer relationships with global leaders such as Aston Martin, Atlas Copco, BMW, Deutsche Telekom and EADS.

“With good momentum in the business and a growing order book, we remain confident that this robust performance will continue in the second half of 2011.”

* Measured as operating profit excluding depreciation, amortisation, share-based payments charge and AIM listing expenses.
** Earnings measured as profit for the period excluding depreciation, amortisation, share-based payments charge and AIM listing expenses.


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Enquiries:

Ubisense
Richard Green, Chief Executive Officer                     +44 (0) 1223 535170
Gordon Campbell, Chief Financial Officer

College Hill                                                                 
Adrian Duffield / Jon Davies                                     +44 (0) 20 7457 2020

Canaccord Genuity

Simon Bridges / Henry Fitzgerald-O'Connor                +44 (0) 20  7050 6500

 

 

Note to editors

Ubisense is the market-leading location solutions company, delivering mission-critical enterprise asset tracking and geospatial systems that bring visibility and control to previously intractable business processes. The Group operates in two divisions, RTLS and Geospatial.

Through its RTLS division, Ubisense is a world leader in real-time location solutions allowing companies to track assets (such as tools, people and vehicles) within factories and other indoor environments in real time in three dimensions.  Ubisense’s end-to-end Real Time Location System (RTLS) solutions provide dynamic and precise indoor tracking of assets, helping its clients, which are primarily in the automotive, aerospace and transportation industries, to bring visibility and control to business processes thereby helping to lower costs and drive logistical efficiencies.

The Geospatial division uses Ubisense’s expertise in location solutions to help large infrastructure companies, such as utilities and telecom companies, to map, plan, manage and optimise their networks across large geographic areas.

Ubisense is headquartered in Cambridge, UK and has offices in the USA, Canada, France, Germany, Singapore and Korea.

Released: 20 September 2011

Our Customers

  • Aston Martin
  • Cummins
  • Ortrander
  • Caterpillar
  • BMW
  • Deutsche Telekom

UK Head Office

Ubisense Group plc.
St Andrew's House,
St Andrew's Road,
Chesterton,
Cambridge,
CB4 1DL. UK

t: +44 1223 535170

f: +44 1223 535167

e: enquiries@ubisense.net

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