9th Nov 2016 09:43
LONDON (Alliance News) - Vitec Group PLC, which provides services to the broadcast and photographic markets, on Wednesday said it expects its results for 2016 to slightly outpace market expectations following a good second half so far.
Vitec said trading in the four months to the end of October was boosted by continued growth for its high-technology broadcast businesses, which offset lower sales of its more traditional products.
The company said it is getting a translation benefit from the fall in the value of the pound against the euro and the dollar.
Vitec said it now expects its results for 2016 will be slightly ahead of current market expectations.
Shares in Vitec were up 2.4% on Wednesday at 635.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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