Sep 26, 2024 / 07:30AM GMT
Stephen Bird - Videndum PLC - Group Chief Executive, Executive Director
Good morning, and welcome to Videndum's half year results presentation for 2024. I'm Stephen Bird, Group Chief Executive, and I'm presenting today with Andrea Rigamonti, Group Chief Financial Officer.
Here's today's agenda. I'll begin with an overview of the first half, followed by an update on current trading and market conditions. Andrea will then take you through the financial performance, and I'll conclude with a summary before we go to analyst Q&A.
Turning to the half year results, revenue in the first half was broadly in line with our expectations, showing sequential improvement from Q1 to Q2 and from H2 2023 to H1 2024. We saw some recovery in cine and scripted TV activity with revenue significantly higher than H2 2023. The macroeconomic environment remains challenging. Our consumer and ICC segments continued to decline, though at a slower pace compared to 2023, and there was significantly less destocking than in H1 2023.
Overall, we closed the half year with revenue 7% lower than in H1 2023 by 8
Half Year 2024 Videndum PLC Earnings Call Transcript
Sep 26, 2024
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