Vitec has reported interim results with revenue down 2.2% at constant FX at £184.2m and operating profit of £25.8m, broadly flat YoY with operating margin of 14%. PBT is down 4% reflecting increased debt levels but the interim dividend is up 7% to 12.3p. The outlook for 2019 is unchanged and with a significant 2H weighting and lacklustre market, we stay neutral
08 Aug 2019
Vitec Group – Interims okay, Lots to do in 2H
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Vitec Group – Interims okay, Lots to do in 2H
Videndum PLC (VID:LON) | 278 -2.8 (-0.4%) | Mkt Cap: 261.4m
- Published:
08 Aug 2019 -
Author:
Andrew Simms -
Pages:
2
Vitec has reported interim results with revenue down 2.2% at constant FX at £184.2m and operating profit of £25.8m, broadly flat YoY with operating margin of 14%. PBT is down 4% reflecting increased debt levels but the interim dividend is up 7% to 12.3p. The outlook for 2019 is unchanged and with a significant 2H weighting and lacklustre market, we stay neutral