Business
STV Group plc Full Year Results 2017
STV Group plc Full Year Results 2017.
About this update from Stv Group Plc
[{"type":"text","content":"\n \nRNS Number : 3131G STV Group PLC 01 March 2018 \n\n \n 0700 hours, 1 March 2018\n \nSTV Group plc Full Year Results 2017\nResilient performance; increased returns to shareholders\nHighlights\n· Resilient consumer division delivering increased margin of 18.7% despite a 7% decline in national advertising revenues\n· Continuing to deliver profitable digital growth with revenue up 14% at £8.4million and digital margin at target level of 55%\n· Data and insights strategy has secured 2.5m insights, with more than 60% of the Scottish population now registered users of STV services, significantly ahead of all other UK broadcasters \n· STV Productions back in the high end drama business with the commission of BBC1 drama series The Victim. Strong start to 2018, with secured revenue already 25% ahead of full year 2017\n \nStrategic Developments\n· Progressive dividend policy delivering further increase in returns to shareholders with final ordinary dividend of 12 pence per share proposed and full year dividend payment of 17 pence per share, up 13% year on year\n· Additional return of £10 million of capital to shareholders commenced\n· Strategic review of the business underway under leadership of new Chief Executive, Simon Pitts, with a further update planned in Q2 \n \n\n\n\n\nFinancial Highlights\n\n\n2017\n\n\n2016\n\n\nYear on year\n\n\n\n\nRevenue\n\n\n£117.0m\n \n\n\n£120.4m\n\n\n-3%\n\n\n\n\nEBITDA \n\n\n£21.5m\n\n\n£22.4m\n\n\n-4%\n\n\n\n\nOperating profit*\n\n\n£19.0m\n\n\n£19.7m\n\n\n-4%\n\n\n\n\nPre-tax profit**\n\n\n£18.0m\n\n\n£18.5m\n\n\n-3%...