Business
2020 Interim Results
2020 Interim Results.
About this update from Videndum Plc
[{"type":"text","content":"\n \n \n RNS Number : 2929V\n Vitec Group PLC (The)\n 06 August 2020\n \n \n \n \n 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.\n \n \n \n \n \n 6 August 2020\n \n The Vitec Group plc\n 2020 Interim Results\n The Vitec Group plc (\"Vitec\" or \"the Group\"), the international provider of premium branded products and solutions to the fast changing and growing \"image capture and content creation\" market, announces its results for the half year ended 30 June 2020.\n \n \n \n \n \n \n \n \n \n \n \n Results1\n \n \n \n \n \n \n \n \n \n \n \n \n H1 2020\n \n \n \n \n H1 2019\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n £118.9m\n \n \n \n \n £184.2m\n \n \n \n \n \n \n Adjusted operating (loss)/profit*\n \n \n \n \n £(4.4)m\n \n \n \n \n £25.8m\n \n \n \n \n \n \n Adjusted operating margin*\n \n \n \n \n (3.7)%\n \n \n \n \n 14.0%\n \n \n \n \n \n \n Adjusted (loss)/profit before tax*\n \n \n \n \n £(7.0)m\n \n \n \n \n £23.5m\n \n \n \n \n \n \n Adjusted basic (loss)/earnings per share*\n \n \n \n \n (9.9)p\n \n \n \n \n 39.9p\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Free cash flow*\n \n \n \n \n £(5.8)m\n \n \n \n \n £16.0m\n \n \n \n \n \n \n Net debt\n \n \n \n \n £107.4m\n \n \n \n \n £108.4m\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Statutory results\n \n \n \n \n \n \n \n \n \n \n \n \n Operating (loss)/profit \n \n \n \n \n £(11.2)m\n \n \n \n \n £18.9m\n \n \n \n \n \n \n Operating margin\n \n \n \n \n (9.4)%\n \n \n \n \n 10.3%\n \n \n \n \n \n \n (Loss)/profit before tax\n \n \n \n \n £(13.8)m\n \n \n \n \n £16.6m\n \n \n \n \n \n \n Basic (loss)/earnings per share \n \n \n \n \n (20.9)p\n \n \n \n \n 27.0p\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Summary\n \n \n · \n COVID-19 significantly impacted customer demand from March, with film and scripted TV productions suspended, sporting events postponed, professional photographers impacted by lack of travel and events, and many retail outlets closed\n \n \n · \n During the pandemic, more video content has been consumed...