Business
STV Group plc Full Year Results for 2022
STV Group plc Full Year Results for 2022.
About this update from Stv Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Press Release 0700 hours, 7 March 2023\n \n \n \n \n \n \n \n \n \n STV Group plc Full Year Results to 31 December 2022\n \n \n \n \n \n \n \n \n \n Record adjusted operating profit as diversification strategy continues to deliver\n \n \n \n \n \n \n \n Highlights\n \n \n \n ·\n Diversification on track, with 38% of earnings now from Digital and Studios\n \n \n ·\n Favourable new ITV partnership significantly strengthens STV digital strategy\n \n \n ·\n STV Player registered users surpass 5m target one year early, in Q1 2023\n \n \n ·\n STV Studios doubles new programme commissions with further strong growth to come\n \n \n ·\n STV remains Scotland's most watched peak time channel for the 4th year in a row\n \n \n ·\n Confident of achieving 2023 diversification targets, despite ongoing economic uncertainty\n \n \n ·\n Board proposes final dividend of 7.4p, bringing full year to 11.3p, +3% on 2021\n \n \n \n \n \n \n \n \n \n \n Financial Summary\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n 2021\n \n \n \n \n Change\n \n \n \n \n \n \n Revenue\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £137.8m\n \n \n \n \n \n £144.5m\n \n \n \n \n -5%\n \n \n \n \n \n \n Total advertising revenue\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £110.0m\n \n \n \n \n \n £112.6m\n \n \n \n \n -2%\n \n \n \n \n \n \n Adjusted operating profit*\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £25.8m\n \n \n \n \n \n £25.2m\n \n \n \n \n +2%\n \n \n \n \n \n \n Adjusted operating margin*\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 18.7%\n \n \n \n \n \n 17.5%\n \n \n \n \n +120bps\n \n \n \n \n \n \n Adjusted PBT**\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £24.1m\n \n \n \n \n \n £23.6m\n \n \n \n \n +2%\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £22.2m\n \n \n \n \n \n £20.1m\n \n \n \n \n +11%\n \n \n \n \n \n \n Adjusted basic EPS**\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 42.3p\n \n \n \n \n \n 45.6p\n \n \n \n \n -7%\n \n \n \n \n \n \n Statutory basic EPS\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 38.3p...