Vianet Group (LSE:VNET) reported first-quarter trading ahead of expectations at its annual general meeting on Tuesday, with the AIM-listed provider of connected device data and payment solutions saying momentum has continued into the new financial year.
Both divisions delivered recurring revenue and contribution growth in the period, with Chairman James Dickson attributing the performance to cost management actions taken during the prior financial year now converting into improved operational leverage.
Within Unattended Retail, the company added a net 640 cashless devices in the quarter and secured 21 new contract wins on multi-year terms, bringing cashless devices to approximately 73% of the total connected estate.
The group also flagged a US expansion milestone, with its Beverage Metrics platform rolled out across approximately 100 sites for a leading national restaurant chain in the United States, which the company described as evidence of its hospitality platform's scalability.
Vianet said progressive deployment of artificial intelligence across both customer-facing solutions and internal operations is expected to support productivity and deliver richer commercial insights.
"We have entered FY27 with good momentum across the Group," Dickson said, adding that strategic investments made over recent years are now translating into improved operational performance.
The board said the Unattended Retail division remains on track to meet its full-year connection targets.
