Capital Markets Day

RNS Number : 9088N

Videndum PLC

07 June 2022

 

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.

7 June 2022

Videndum plc

(Formerly The Vitec Group plc)

Capital Markets Day: 2025 ambition published

Videndum ("the Company" or "the Group"), the international provider of premium branded hardware products and software solutions to the growing content creation market, is hosting an in-person event for institutional investors and sell-side analysts at the London Stock Exchange today.

The Group has transformed in the last ten years and is now uniquely positioned right at the heart of the growing content creation market. A product-driven business, Videndum's purpose is to help our customers capture and share exceptional content. We have leading, premium brands in a number of niche market segments.

The event will cover the Group and Divisional strategic initiatives and growth drivers, summarised as:

1.	c.75% of Group exposed to strong structural growth drivers which are growing double-digit, powered by technology change driving shorter product replacement cycles, and our TAM growing from c.£3bn in 2021 to c.£4bn in 2025 (c.£2bn pre-pandemic)
2 .	Revenue growth from three routes: core businesses, new areas of content creation and new verticals enabled by video transmission and live streaming
3 .	Margin improvement from operational excellence, leading market positions and pricing strength
4 .	Strong M&A track record and clear capital allocation strategy

These lead to an ambition for the Group to deliver c.£600m revenue and >£100m adjusted operating profit on an organic basis in FY2025. The Group reported revenue of £394.3m and adjusted operating profit of £46.2m in FY2021.

The event will be led by Group CEO Stephen Bird with presentations from a number of the senior management team, and a range of product demonstrations. A live webcast will be available at 3.30pm BST today via this link . The presentations and a recording of the webcast will be available after the event on our corporate website at: www.videndum.com . Please note that no new material information regarding the FY2022 outlook will be shared during the presentations.

For further information please contact:
Videndum plc	Telephone: [phone]
Stephen Bird, Group Chief Executive Martin Green, Group Finance Director Jennifer Shaw, Group Communications Director

Notes to Editors:

Videndum is a leading global provider of premium branded hardware products and software solutions to the growing content creation market. We are organised in three Divisions: Videndum Media Solutions, Videndum Production Solutions and Videndum Creative Solutions.

Videndum's customers include broadcasters, film studios, production and rental companies, photographers, independent content creators, gamers, professional musicians 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, backgrounds and motion control, audio capture and noise reduction equipment.

We employ around 2,000 people across the world in 11 different countries. Videndum plc is listed on the London Stock Exchange, ticker: VID.

More information can be found at: www.videndum.com

LEI number: 2138007H5DQ4X8YOCF14

 

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