Brulines: trading in line with expectations
Beer flow monitoring company Brulines has announced that it is trading in line with expectations.
The group is due to announce its full-year results on 2 December and said its results for the 26 weeks to 26 September were in line.
"New installations, system replacements and upgrades have progressed as expected and continue to generate an ongoing year-on-year growth in recurring revenue and the higher margins associated with support services," it said in a statement.
"Increased market penetration and broadening of our customer base for dispense monitoring have been the primary drivers of this growth."
Brulines also reported that the integration of Nucleus Data is progressing well and is looking to infiltrate the US market.
Its acquisition of petrol station monitoring firm Edensure is expected to be completed by the end of October.
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