Drinks and vending tech firm Vianet says the reopening of the hospitality sector has led to a recovery in its revenues and profits.
The North East plc grew revenue to £7.18m in the six months to the end of September, compared with £6.34m in the same period last year. Adjusted operating profit increased 48% to £1.21m on the back of a stronger market for its Smart Zones division, which provides bar management systems for venue operators and its Smart Machines business which provides contactless and telemetry-enabled vending.
Vianet said it had boosted its number of vending machines by roughly 24% year-on-year, meaning it now had an estate of more than 52,000. Four new long-term contracts and three renewals were secured for the Smart Zones business which had suffered the loss of around 200 contracted sites from 10,100 to 9,900 due to pub closures.
