Videndum (VID)

Sector:

Leisure Products

Index:

FTSE Small Cap

 75.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 353.50p
  • 52 Week Low: 48.20p
  • Currency: UK Pounds
  • Shares Issued: 94.20m
  • Volume: 45,301
  • Market Cap: £70.65m
  • Beta: 0.00

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

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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 75.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 353.50p
52 Week Low 48.20p
Volume 45,301
Shares Issued 94.20m
Market Cap £70.65m
Beta 0.00

Videndum Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.39% above the market average88.39% above the market average88.39% above the market average88.39% above the market average88.39% above the market average
73.03% above the sector average73.03% above the sector average73.03% above the sector average73.03% above the sector average73.03% above the sector average
Price Trend
96.03% below the market average96.03% below the market average96.03% below the market average96.03% below the market average96.03% below the market average
97.92% below the sector average97.92% below the sector average97.92% below the sector average97.92% below the sector average97.92% below the sector average
Income
52.29% above the market average52.29% above the market average52.29% above the market average52.29% above the market average52.29% above the market average
57.38% above the sector average57.38% above the sector average57.38% above the sector average57.38% above the sector average57.38% above the sector average
Growth
62.98% below the market average62.98% below the market average62.98% below the market average62.98% below the market average62.98% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
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 10-Apr-2025

Time Volume / Share Price
11:53 285 @ 78.00p
10:59 3,205 @ 78.00p
10:52 1,153 @ 78.00p
10:22 1 @ 76.80p
09:12 10,000 @ 77.05p

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