18th May 2016 07:55
LONDON (Alliance News) - Vitec Group PLC on Wednesday said trading in the first four months of 2016 was in line with its expectations, and its forecasts for the full year remain unchanged.
Vitec, which provides services to the broadcast and photographic markets, said it anticipates trading will benefit in the second half from the 2016 Olympic Games in Rio de Janeiro, benefits from its restructuring activities, which are on track, and from a stronger dollar and euro.
Vitec said it has seen growing sales in new technologies and in the Asia Pacific region. The Broadcast arm has continued to grow in 2016 so far, while the Photographic business is benefiting from restructuring actions taken and a stabilising market.
Vitec will publish interim results for the six months to the end of June on August 4.
Vitec shares were down 1.1% to 538.00 pence Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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