30th Jun 2016 08:00
LONDON (Alliance News) - Vitec Group PLC on Thursday said trading in the first half of 2016 was in line with its expectations and it continues to anticipate an uplift in the second half.
Vitec, which provides products and services to the broadcast and photographic markets, affirmed its expectations for 2016 following in-line trading in the first half to the end of June.
The second half is anticipated to show further growth, thanks to the Rio 2016 Olympic Games, benefits from restructuring activities, and strength in the dollar and the euro.
Vitec said it continues to focus on its core broadcast and photographic markets and remains confident on the medium-term outlook for both.
Shares in Vitec were up 2.0% to 527.00 pence Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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