Vianet trades ahead of forecasts in first quarter

(Sharecast News) - Vianet Group said in an update on Tuesday that first-quarter trading in FY27 was ahead of management expectations, with group revenue up 3.1% year on year and recurring revenue 5.8% higher, representing about 88% of turnover. The AIM-traded company said both its Hospitality and Unattended Retail divisions delivered recurring revenue and gross profit growth, with 640 additional cashless devices connected and 21 new multi-year contract wins secured in Unattended Retail.

Chairman James Dickson said Vianet had entered FY27 "with good momentum across the Group", supported by improved operational leverage, high recurring revenue and a strengthened net cash position of £0.7m at 30 June.

The company said shareholders would vote at the AGM on a 2.00p final dividend, taking the FY26 total dividend to 2.40p, up 84.6% year on year.

At 0958 BST, shares in Vianet Group were up 6.06% at 70p.

Reporting by Josh White for Sharecast.com.

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