The latest update is out from The Vitec ( (GB:VID) ).
Videndum plc has announced that it will release its audited financial results for the year ending December 31, 2024, on April 30, 2025. The results are anticipated to align with the guidance provided in the December 2024 Trading Update. Additionally, Videndum is in positive discussions with lending banks to reset future covenants under its Revolving Credit Facility, which is due for refinancing ahead of its expiration in August 2026. This strategic financial maneuvering is expected to bolster Videndum’s financial stability and operational flexibility, potentially enhancing its position in the content creation industry.
More about The Vitec
Videndum plc is a leading global provider of premium branded hardware products and software solutions catering to the content creation market. The company’s diverse clientele includes broadcasters, film studios, production and rental companies, photographers, independent content creators, gamers, professional musicians, and enterprises. Videndum’s product portfolio encompasses camera supports, video transmission systems, live streaming solutions, smartphone accessories, robotic camera systems, LED lighting, and audio capture equipment. The company employs around 1,500 people across 10 countries and is listed on the London Stock Exchange under the ticker VID.
YTD Price Performance: -48.90%
Average Trading Volume: 503,384
Technical Sentiment Signal: Strong Buy
Current Market Cap: £70.26M
Learn more about VID stock on TipRanks’ Stock Analysis page.