Vitec Group PLC (The) Trading Update - Further Positive Momentum (9120C)
24 Junio 2021 - 01:00AM
UK Regulatory
TIDMVTC
RNS Number : 9120C
Vitec Group PLC (The)
24 June 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION.
24 June 2021
The Vitec Group plc
Unscheduled Trading Update - Further Positive Momentum
The Vitec Group plc ("Vitec" or "the Group"), the international
provider of premium branded hardware products and software
solutions to the growing content creation market, issues the
following unscheduled trading update.
Current trading and FY 2021 outlook
Since our last trading update, our markets have continued to
reopen as we expected, however, we have achieved a stronger than
anticipated recovery, ending May 2021 with a record order book
(c.50% higher than at the start of the year). As a result, the
Group's adjusted PBT for H1 2021 is expected to be not less than
GBP19.0m(1).
For FY 2021, despite uncertainty around the impact of electronic
component and raw material shortages, the Board now expects
adjusted PBT for FY 2021 will be materially above current market
expectations(2).
The Group will provide more details at its Half Year results
announcement, scheduled for Thursday, 12 August 2021.
For further information please contact:
The Vitec Group plc Telephone: 020 8332 4602
Stephen Bird, Group Chief Executive
Martin Green, Group Finance Director
Jennifer Shaw, Group Communications
Director
Notes:
1. Adjusted PBT for H1 2019 was GBP23.5m. As previously
disclosed, this H1 2019 figure included GBP5.8m insurance
income.
2. Current company compiled consensus for FY 2021: Adjusted PBT GBP35.6m
3. This announcement is based on information sourced from
unaudited management accounts and management estimates
4. This announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of The Vitec Group plc is Jon Bolton, Group Company
Secretary.
Notes to Editors
Vitec is a leading global provider of premium branded hardware
products and software solutions to the growing content creation
market.
Vitec's customers include broadcasters, film studios, production
and rental companies, photographers, independent content creators,
gamers and enterprises. Our product portfolio includes camera
supports, video transmission systems and monitors, live streaming
solutions, smartphone accessories, robotic camera systems,
prompters, LED lighting, mobile power, bags and motion control,
audio capture and noise reduction equipment.
We employ around 1,700 people across the world in 11 different
countries and are organised in three Divisions: Imaging Solutions,
Production Solutions and Creative Solutions.
The Vitec Group plc is listed on the London Stock Exchange. More
information can be found at: www.vitecgroup.com
LEI number: 2138007H5DQ4X8YOCF1
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTSESFWDEFSESM
(END) Dow Jones Newswires
June 24, 2021 02:00 ET (06:00 GMT)
Videndum (LSE:VID)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Videndum (LSE:VID)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024