Videndum shares climb after third-quarter order and earnings improve
Videndum PLC shares climbed on Thursday after the company said in its third-quarter trading statement that its order intake has improved and earnings have increased from the first half.
Shares in Videndum rose 26% to 46.66 pence on Thursday afternoon in London.
The London-based provider of broadcasting hardware and software said its order book was up approximately 40% year-on-year, a ‘significant improvement’ on the prior period, following seasonally low July and August activity.
Revenue in the third quarter was down 8% year-on-year. In this first half, it fell 25%.
Videndum’s earnings before interest, tax, depreciation and amortisation were 50% higher than that achieved in the first half.
As well as an increase in revenue, Videndum said it also has benefitted from its £19 million cost-saving programmes.
The company said it ‘continues to make constructive progress with its lending banks on a deleveraging plan and has met its September Ebitda covenant.’
Videndum expectations for financial 2026 remain unchanged.
In its trading statement, Videndum explained its rationale for the outlook: ‘Given the limited inventory in the markets, any uptick in end market demand will feed through into revenue with little delay. Allied to previously announced management actions, any improvement in revenue will drop through to operating profit at a significant rate.’
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