Videndum (VID)

Sector:

Engineering

Index:

FTSE Small Cap

 326.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 981.77
  • 52 Week Low: 272.93
  • Currency: UK Pounds
  • Shares Issued: 94.20m
  • Volume: 2,034
  • Market Cap: £307.09m

Videndum profits rise despite headwinds

By Frank Prenesti

Date: Tuesday 28 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Video hardware and software maker Videndum, formerly known as Vitec, reported a jump in annual profits.
The company, which makes hardware and software for video for internet streaming, reported a 27% rise in adjusted pre-tax profit to £54m. On a statutory basis profits fell to £24.7m from £29.6m.

Revenue rose 14% to £451.2m.

"We expect that some short-term macroeconomic headwinds will continue to affect our consumer and business confidence more generally, with additional retail destocking and some purchase deferral by independent content creators in H1 2023 however, we are seeing signs of improvement, particularly in the US, said chief executive Stephen Bird.

He added that the company was also acting to streamline the company's cost base "and deliver cross-divisional synergies to ensure that the business is even better positioned for long-term growth".

"We therefore expect to deliver a stable FY 2023 adjusted profit before ta* compared to FY 2022, with higher operating profit offset by increased interest charges, albeit with a higher than usual H2 weighting."

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Videndum Market Data

Currency UK Pounds
Share Price 326.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 981.77
52 Week Low 272.93
Volume 2,034
Shares Issued 94.20m
Market Cap £307.09m

Videndum Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.1% below the market average53.1% below the market average53.1% below the market average53.1% below the market average53.1% below the market average
39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average
Price Trend
84.89% below the market average84.89% below the market average84.89% below the market average84.89% below the market average84.89% below the market average
77.14% below the sector average77.14% below the sector average77.14% below the sector average77.14% below the sector average77.14% below the sector average
Income
27.25% above the market average27.25% above the market average27.25% above the market average27.25% above the market average27.25% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
6.84% above the market average6.84% above the market average6.84% above the market average6.84% above the market average6.84% above the market average
3.03% below the sector average3.03% below the sector average3.03% below the sector average3.03% below the sector average3.03% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Videndum Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Apr-23 22-Sep-22
Paid 19-May-23 28-Oct-22
Amount 25.00p 15.00p

Trades for 21-Feb-2024

Time Volume / Share Price
10:33 8 @ 332.00p
10:31 2,000 @ 330.00p
08:41 17 @ 332.00p
08:12 9 @ 328.68p

Videndum Key Personnel

Chair Ian P McHoul

Top of Page