Ubisense losses widen as on Europe’s woes

Ubisense boss Richard Green label­led yesterday’s first-half figures as “clearly disappointing”, after the enterprise solutions group ann­oun­ced widening losses on 2014.

First-half pre-tax loss rose to £7.5m, up over £5m from a loss of £2.1m during the same period last year.

Looking to pin down the cause of the widening losses, Green said: “We have continued to execute our shift to software solutions by exiting the consulting services business in Europe which, combined with customer order slippage, resulted in a significant revenue decrease in the first half.”