Source - RNS
RNS Number : 8911M
OneView Group PLC
19 October 2016



OneView Group plc

("OneView" or the "Company")


Trading Update



OneView (AIM: ONEV), one of the retail industry's leading digital transformation software providers for in store customer service, provides the following trading update:


Winning it's first hosted customer in the UK was a pivotal event for OneView in the first half of the year, creating an important new recurring revenue stream. During this period the Company's principal focus was to get its existing customers live in their store estate and has also seen a growth in pipeline in the EMEA region and Australia.


The Company continues to see strong interest in its software and is confident that the current pipeline will deliver growth in the future. The mission critical nature of solutions means that sales cycles are long and can be difficult to predict and the Company has seen a number of delays in some of the major pipeline contracts. Accordingly, whilst the Board remains confident that the on-going discussions will come to fruition there can be no certainty on timing and as a result, the Company's revenue is likely to be below market expectations for the current financial year.




Further Details:


OneView Group plc

Tel: 01634 673172

Stuart Mitchell, CEO

Linda Palanza, COO

Mark Wilson, Finance Director

finnCap Limited

Tel: 0207 220 0500

Geoff Nash

Grant Bergman

Stephen Norcross (Broking)

Newgate Communications

Tel: 020 7653 9848

Bob Huxford

Lydia Thompson


This information is provided by RNS
The company news service from the London Stock Exchange