Bitcoin price today: rises to $116.5k on Trump 401k order, altcoins rally
Investing.com -- Videndum Plc (LON:VID) on Wednesday reported first-half 2025 results showing continued challenges in its end markets and financial position, with management working to address high debt levels amid difficult trading conditions.
The imaging and broadcast equipment maker posted an operating loss of £7.0 million for the first half, which represents an improvement from the £29.2 million loss recorded in the second half of 2024.
Sales reached £115 million, down 9% compared to the second half of 2024 and 23% lower year-over-year in constant currency terms.
The company’s net debt stood at £137.7 million, up 17% from the previous year but only £4.7 million higher than at the 2024 year-end.
Management reset its revolving credit facility covenants in April 2025 and met June covenants, but still needs to refinance its facility or reach an agreement on a deleveraging plan in the coming months.
By division, Media Solutions recorded sales of £55.8 million and EBITA of £1.6 million, with performance affected by U.S. tariff uncertainty.
Production Solutions saw sales of £37.1 million and an EBITA loss of £1.4 million, while Creative Solutions reported sales of £22.5 million and an EBITA loss of £0.9 million.
The company cited several challenges including the impact of U.S. tariffs, LA fires, and overall market uncertainty. Second quarter trading was particularly difficult, leading to reduced visibility for the second half of 2025. As a result, management has not provided full-year guidance.
Despite these challenges, Videndum pointed to some positive indicators including building order books, improved sentiment in certain markets, and significant pent-up demand.
The company’s cost-saving program delivered £6 million in benefits during the first half, with management expecting £9 million in the second half and an annualized run-rate of approximately £19 million by year-end.
The company also highlighted upcoming product launches from its Teradek and Manfrotto brands, though analysts suggest that consensus forecasts for full-year 2025 EBITA of £8.8 million may face downward pressure following this update.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.