STV Group’s FY22 results and FY23E outlook, announced this morning, are in line with expectations. The resilient performance through the economic downturn (adjusted PBT +2% in FY22 and we forecast -10% for FY23E) underlines improving earnings quality from STV as the group continues its diversification from broadcast to streaming and studios, which together should generate over half of group profits for the first time in FY23E. We forecast good aggregate growth prospects for the broadening portfo ....
07 Mar 2023
PROGRESSIVE: STV Group: Resilience from diversification
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PROGRESSIVE: STV Group: Resilience from diversification
STV Group plc (STVG:LON) | 232 0 0.0% | Mkt Cap: 108.4m
- Published:
07 Mar 2023 -
Author:
Jonathan Helliwell -
Pages:
7
STV Group’s FY22 results and FY23E outlook, announced this morning, are in line with expectations. The resilient performance through the economic downturn (adjusted PBT +2% in FY22 and we forecast -10% for FY23E) underlines improving earnings quality from STV as the group continues its diversification from broadcast to streaming and studios, which together should generate over half of group profits for the first time in FY23E. We forecast good aggregate growth prospects for the broadening portfo ....