Waterlogic plc - Trading Update (3477Y)

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RNS Number : 3477Y

Waterlogic PLC

29 February 2012

Waterlogic Plc

("Waterlogic" or the "Company")

Trading Update

Waterlogic Plc (AIM: WTL.L), a leading manufacturer and global distributor of point-of-use ("POU") drinking water purification and dispensing systems, is pleased to announce a trading update for the period up to 31 December 2011 prior to entering a close period for its preliminary results.

Waterlogic enjoyed a solid performance for the full year, delivering continued organic growth and achieving a positive impact from its acquisitions. Trading for the period was in line with expectations.

Waterlogic entered 2012 with a strong net cash position allowing the Company to pursue its attractive acquisition pipeline with three transactions announced to date. The Company continues to commercialise its innovative Firewall(TM) UV technology and progress its further expansion into new markets.

The Company intends to announce its preliminary results on 30 April 2012.

Enquiries:

 
 Waterlogic Plc                            Tel: +44 (0)20 7074 1800 
 Jeremy Ben-David, Group Chief Executive   Email: waterlogic@kreabgavinanderson.com 
  Officer 
 Steve Harrison, Group Chif Financial 
  Officer 
 
 Liberum Capital (Nominated Adviser        Tel: +44 (0)20 3100 2000 
  and Broker) 
 Steve Pearce 
  Richard Bootle 
 
 Kreab Gavin Anderson (PR Adviser)         Tel: +44 (0)20 7074 1800 
 James Benjamin                            Email: waterlogic@kreabgavinanderson.com 
  Madeleine Palmstierna

Website: www.waterlogic.com

Notes to editors:

Waterlogic Plc

Waterlogic Plc (AIM: WTL.L) is a leading manufacturer and global distributor of mains attached point-of-use ("POU") drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Waterlogic is a Jersey registered company.

Waterlogic was one of the first companies to introduce POU systems to Europe and has been a leader in the POU market in terms of product design and quality, the application of new technologies and in sales and service. Waterlogic has an extensive and expanding independent global distribution network in place, reaching 50 countries across five continents.

Waterlogic products are currently being sold in North and South America, Europe, Asia, Australia and South Africa. Waterlogic's leading markets are the US and Western Europe in particular, Germany, France, Norway, Sweden and the UK. Of the 1.5 million new installations in the business-to-business market between 2005 and 2010, approximately 73% incorporated POU technology of which Waterlogic had a 26% market share.

The Directors believe that the movement away from bottled water coolers (BWC) to POU water dispensers is set to continue its current trend as a result of cost, convenience, health benefits and environmental considerations.

Waterlogic's Firewall(TM) ultra-violet (UV) technology is one of the most effective water purification technologies for POU water dispenser applications currently on the market and is the only technology certified as being able to guarantee 99.9999% pure water 100% of the time, a fact which has been confirmed by over 5,000 physical tests in independent laboratories. The innovative Firewall(TM) technology incorporates a highly-specialised, compact UV system in the faucet/tap, which ensures that water passes through the UV system immediately before it is dispensed into a cup. This point of differentiation for Firewall(TM) is unique in the POU market.

For the financial year ended 31 December 2010, the Group generated revenues and adjusted EBITDA of USD 68.3 million and USD 11.4 million, respectively, and had approximately 500,000 machines installed as at 31 December 2010.

As part of Waterlogic's ongoing commitment to providing safe water, the Group has pledged to donate USD 225,000 over the next three years to WaterAid. WaterAid is a renowned international non-profit organisation that transforms lives by improving access to safe water, hygiene and sanitation in the world's poorest countries. Since 1981 WaterAid has reached 15.9 million people globally with safe water. Website: www.wateraidamerica.org/

This information is provided by RNS

The company news service from the London Stock Exchange

END

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