30th Apr 2025 16:19
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Sanderson Design Group PLC - London-based furnishings and interior design company - Swings to a pretax loss of GBP13.9 million in the year that ended January 31, from a GBP10.4 million profit the year before. Revenue declines 7.6% to GBP100.4 million from GBP108.6 million, driven by a "sustained challenging consumer environment". Declares a final dividend of 1.00 pence per share, down 64% on-year from 2.75p, bringing the total dividend for the year to 1.5p per share, down 57% on-year from 3.5p. "In response to market conditions, we continue to focus on accelerating strategic initiatives to position the group for future success," says Chair Dianne Thompson. "North America remains a key growth opportunity, and the group does not currently expect a material direct impact from tariffs imposed on imports into the USA. The evolving tariff regime is, however, a potential threat to US and global consumer confidence and we will continue to monitor closely." Looking ahead, Thompson adds: "The board is confident in its agility and its acceleration of strategic initiatives in response to the ongoing global market challenges and unpredictability. At this early stage in the current financial year, the board continues to anticipate that the full year outturn will be in line with its expectations."
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One Media IP Group PLC - Buckinghamshire, England-based digital music rights acquirer, publisher and distributor - Pretax profit falls 9.3% to GBP776,238 in the year that ended October 31 from GBP856,141 a year prior, as revenue declines 2.0% to GBP4.9 million from GBP5.0 million. Finance costs for the year multiplied to GBP356,776 from GBP139,996. "In 2024, our overriding strategic focus was on realigning the business with our core mission and expertise of music rights investment and management," says Chief Executive Officer Michael Infante. "Following the successful divestment of our technology subsidiary TCAT, which had required significant cash allocation to ensure its success while under our control, our attention is now fully fixed on ensuring the sustainable growth of our music rights portfolio and maximising its income potential. With the economic environment stabilising and the continued positive outlook for the music industry, we are looking forward to 2025 with renewed energy." Notes that Goldman Sachs has forecast a compound annual growth rate of 7.6% for the global music market from 2024 to 2030, expecting revenue for the market sector to reach USD163.7 billion by 2030, against USD98.3 billion in 2023.
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Zinc Media Group PLC - London-based television production group - Pretax loss narrows to GBP1.4 million in 2024 from a restated GBP1.5 million in 2023, despite revenue falling 12% to GBP32.3 million from a restated GBP36.6 million the year before. This is primarily the result of finance costs reducing by 32% to GBP528,000 from GBP776,000. "Zinc has made excellent progress this year. We have delivered a strong set of results, reflecting the group's successful transformation. We are reporting record profit and presenting a stronger group which is refocused following strategic disposals and acquisitions, and increasingly diversified, providing deeper resilience to market fluctuations," says Chief Executive Officer Mark Browning. "I am delighted by our strong performance this year, and excited by how well we've started, with significantly more revenue booked at this stage of the year than we had last year which underpins our confidence looking ahead." Looking ahead, Zinc Media expects GBP27 million in revenue to be recognised in financial 2025, against GBP23 million at the same time the year before. The group also anticipates exceeding its targeted permanent efficiency savings target of GBP500,000 in financial 2025.
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Videndum PLC - London-based provider of hardware and software for broadcasters, film studios and other media content creators - Pretax loss widens to GBP103.4 million in 2024 from GBP79.7 million in 2023, as revenue falls 10% to GBP283.6 million from GBP315.0 million. Videndum also records a GBP51.3 million asset impairment charge, GBP12.0 million in losses from previously discontinued operations and GBP11.3 million in restructuring costs. "While 2025 had a soft start, conditions have been improving month by month," says Executive Chair Stephen Harris. "We anticipate that H1 2025 revenue will decline compared to H1 2024 as we lap the Q1 2024 spike in the Cine and Scripted TV market post-strike, along with deep discounting that pulled sales forward from H2 2024. H2 2025 is expected to be stronger due to the normalisation of content creation markets and reductions in channel overstocking created in 2024, with FY 2025 revenues flat compared to 2024." Adjusted operating profit margins are expected to improve to low-single-digit levels in 2025. In the long-term, Videndum targets mid-double-digit adjusted operating profit margins. Also says it has raised around GBP8 million before expenses and fees via a placing of 9.3 million new shares at 85 pence each, which it says were oversubscribed for by existing shareholders. The fundraising is intended to satisfy requests from the company's debt lenders for increased liquidity, and enables Videndum's continued delivery of restructuring initiatives under its ongoing operational efficiency programme. The firm expects to achieve annualised cost savings of GBP18 million in 2025.
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Acceler8 Ventures PLC - acquisition vehicle - Pretax loss widens to GBP160,480 in 2024 from GBP55,236 in 2023, as administrative expenses increase 3.0% to GBP160,996 from GBP156,347. The firm recorded one-off "other" operating income of GBP99,980 in 2023, against none in 2024. Interest receivable reduces by 54% to GBP516,000 from GBP1.1 million. "During the year and post year end we have remained focused on executing our buy and build strategy and continue to assess investment and acquisition opportunities where we believe there to be sustainable growth potential both organically, and through acquisition," says Chair David Williams. "We also continue to explore incremental funding opportunities for the company and are making great progress in securing additional financing to further underpin the execution of our strategy."
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Sivota PLC - London-based investment vehicle focused on later-stage Israeli technology companies - Pretax loss narrows to USD3.2 million in 2024 from USD11.3 million in 2023, despite revenue falling 43% to USD88,000 from USD155,000. This is due to an impairment loss of USD2.9 million in 2024, against a USD10.9 million loss the year before. General and administrative expenses are down 9.5% to USD647,000 from USD715,000. "As funding within the technology sector remains challenging for potential investee companies, given its investor base and placing in the market, we believe Sivota is well placed to benefit from opportunities it pursues," says Non-Executive Chair Tim Weller. "The board and management remain committed to securing new investment prospects and executing the company's strategy." Sivota continues to pay no dividends.
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By Emily Parsons, Alliance News reporter
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