Videndum PLC
LSE:VID
Videndum PLC
Videndum Plc engages in provision of branded products and solutions to the image capture and sharing markets. The company is headquartered in Richmond, Surrey and currently employs 1,784 full-time employees. The firm designs, manufactures and distributes high performance products and solutions, including camera support, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, light-emitting diode (LED) lighting, mobile power, bags, background and motion control, audio capture, and noise reduction equipment. The Company’s customers include broadcasters, film studios, production and rental companies, photographers, independent content creators, vloggers, influencers, gamers, professional sound crews and enterprises. Its products and services include audio capture; backgrounds; bags; camera accessories; distribution, rental and services; Internet protocol video; lens control systems; prompters and other. The firm operates through three divisions: Media Solutions, Production Solutions and Creative Solutions.
Videndum Plc engages in provision of branded products and solutions to the image capture and sharing markets. The company is headquartered in Richmond, Surrey and currently employs 1,784 full-time employees. The firm designs, manufactures and distributes high performance products and solutions, including camera support, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, light-emitting diode (LED) lighting, mobile power, bags, background and motion control, audio capture, and noise reduction equipment. The Company’s customers include broadcasters, film studios, production and rental companies, photographers, independent content creators, vloggers, influencers, gamers, professional sound crews and enterprises. Its products and services include audio capture; backgrounds; bags; camera accessories; distribution, rental and services; Internet protocol video; lens control systems; prompters and other. The firm operates through three divisions: Media Solutions, Production Solutions and Creative Solutions.
Record Results: Vitec delivered record group revenue and order intake in 2021, surpassing pre-pandemic 2019 levels across all divisions.
Strong Market Recovery: Content creation markets have rebounded faster and are now larger than before the pandemic, powering high single-digit growth for the group.
Margin & Cash Strength: Operating profit margin and free cash flow were robust, with margins returning to historic levels and cash conversion above 100%.
Upbeat 2022 Outlook: Management expects high single-digit organic revenue growth in 2022, with strong trading and a record order book despite inflation and component shortages.
Active M&A: Four acquisitions (Savage, Audix, Quasar, Lightstream) have expanded capabilities, with audio seen as a key future growth area.
Strategic Focus: Vitec is investing in technology, particularly streaming, audio, and cloud-based solutions, to capture fast-growing segments like vlogging and live streaming.
Name Change: The company will rebrand as Videndum following the AGM in May to better reflect its broadened portfolio and avoid legal issues.
