Update on Trading (3269V)

TIDMBVM

RNS Number : 3269V

Belgravium Technologies PLC

11 January 2012

BELGRAVIUM TECHNOLOGIES PLC

(AIM: BVM)

Update on Trading

Belgravium Technologies plc ("Begravium" or "the Group") the designer and supplier of computing solutions and services for the mobile computing data capture market, today provides an update on trading.

As anticipated, the Group's trading performance in the second half has been stronger than in the first half. As a consequence, the Group's overall trading performance for the year ended 31 December 2011 is expected to be in line with market expectations. Trading in all the Group's major markets of logistics, transportation and on-board retail has been satisfactory with on-board retail being particularly strong. In addition to the completion of the Monarch Airlines contract, the second half also saw a contract win for another major airline. Another significant contract completed in the second half was the supply of over 600 units of its "Atlanta 5000" hand held terminals to Hermes, the UK's largest home delivery courier network which handles more than 140 million collections and deliveries per year. As usual, a benefit of each of these contracts is that they include annual recurring software licences and service revenue, which is helping to increase the level of the Group's repeat income.

Commenting today, John Kembery, Executive Chairman of Belgravium Technologies plc said:

"As expected, we have finished the year strongly. We have established a very competitive position in the markets which we serve and this continues to help us in winning new orders. We have a good pipeline of forward prospects and, despite the tough economic environment, we are optimistic on the prospects for the coming year."

 
 Contacts: 
 
 Belgravium Technologies Plc                        www.belgravium-ir.com 
 John Kembery, Executive Chairman                     +44 (0) 7770 731021 
 
 WH Ireland Limited (Nominated Adviser and           www.wh-ireland.co.uk 
  Broker) 
 Mike Coe / Marc Davies (Corporate Finance)          +44 (0) 117 945 3470 
 Ruari McGirr / Jasper Berry (Corporate Broking)     +44 (0) 207 220 1691 
 
 Cadogan PR (Financial PR)                              www.cadoganpr.com 
 Alex Walters                                        +44 (0) 20 7839 9260

This information is provided by RNS

The company news service from the London Stock Exchange

END

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