Vantiva has been operating in difficult markets for both its segments in its first half. At Connected Home (78% group H123 revenue), the customer base is holding high inventory levels against caution in their own underlying end markets, suppressing demand. At Supply Chain Services (SCS), DVD demand has been poorer than expected, dropping away before the benefits of the diversification programme have fully kicked in. Prospects, particularly at Connected Home where broadband equipment is the key driver, are better for H2 and management has maintained full year guidance. Our modelling has been reined in to match.

07 Aug 2023
Vantiva - FY23 guidance maintained post difficult H1

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Vantiva - FY23 guidance maintained post difficult H1
Vantiva has been operating in difficult markets for both its segments in its first half. At Connected Home (78% group H123 revenue), the customer base is holding high inventory levels against caution in their own underlying end markets, suppressing demand. At Supply Chain Services (SCS), DVD demand has been poorer than expected, dropping away before the benefits of the diversification programme have fully kicked in. Prospects, particularly at Connected Home where broadband equipment is the key driver, are better for H2 and management has maintained full year guidance. Our modelling has been reined in to match.