Business
STV Group plc Full Year Results 2016
STV Group plc Full Year Results 2016.
About this update from Stv Group Plc
[{"type":"text","content":"\n \nRNS Number : 4129Y STV Group PLC 03 March 2017 \n\n0700 hours, 3 March 2017\nSTV Group plc Full Year Results 2016 \nCommercially focused \nCreatively led\n\n\n\n\nFinancial Highlights\n\n\n2016\n\n\n2015\n\n\nYear on year\n\n\n\n\nRevenue\n\n\n£120.4m\n \n\n\n£116.5m\n\n\n+3%\n\n\n\n\nEBITDA (see note 17)\n\n\n£22.1m\n\n\n £22.8m\n\n\n-3%\n\n\n\n\nOperating profit*\n\n\n£19.7m\n\n\n £20.3m\n\n\n-3%\n\n\n\n\nPre-tax profit*\n\n\n£18.5m\n\n\n £19.1m\n\n\n-3%\n\n\n\n\nStatutory pre tax profit\n\n\n£15.7m\n\n\n£9.8m\n\n\n+60%\n\n\n\n\nAdjusted EPS (see note 19)\n \n\n\n39.7 pence\n\n\n39.9 pence\n\n\n-1%\n\n\n\n\nStatutory EPS\n\n\n32.5 pence\n\n\n29.8 pence\n\n\n+9%\n\n\n\n\nNet debt\n\n\n£26.4m\n\n\n £25.7m\n\n\n+3%\n\n\n\n\nDividends per share\n\n\n15.0 pence\n\n\n 10.0 pence\n\n\n+50%\n\n\n\n\n*Pre exceptional items and IAS19 interest\n \nStrategic Developments\n· Acceleration of progressive dividend policy reflecting the Board's confidence in the underlying financial strength of the Company, resilience of the core business and clarity of growth objectives\n· Confirmation of a dividend policy which aims to pay out between 60% to 80% of cash generation after pension deficit funding. This results in a full year dividend payment of 15.0 pence per share, up 50% year on year\n· De-risking of business through agreement of long term Airtime Sales Agreement with ITV plc covering sale of national airtime and sponsorship. Additionally, settlement of 2015 triennial pension valuation delivers certainty and long term visibility of cashflow requirements\n· Innovative second TV network service to launch in spring 2017; STV2 will increase the reach of the STV Family of consumer services\n \nHighlights\n· Continuing to deliver profitable digital growth with digital revenues up 20% at £7.9 million and digital margin continuing to grow above target level at 52%\n· Data and insights strategy progressing with over 2m insights building consumer engagement ...