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Annual Results

STV Group improves FY pretax profit

24 February 2016 07:34

STV Group has improved its FY pretax profit to GBP19.1m, from GBP17.3m. Revenue was GBP116.5m, from GBP120.4m. Dividend was 10p a share, from 8p.

CEO Rob Woodward said 2015 returned a good performance for the Group with operating profit above GBP20m for the first time in eight years generating steadily growing returns to shareholders and reducing net debt to its lowest level since the mid 1990s.

"Our investments and focus have put us in a strong position to deliver organic growth in the future and the increasing diversity of earnings improves the security of returns for our investors."

HIGHLIGHTS

· Non-broadcast earnings at 22% compared to 11% in 2011

· Fifth consecutive year of growth in pre-tax operating profit

· Double digit growth in pre-tax profit* up 10% to £19.1 million

· Adjusted EPS up 10% to 39.9 pence per share

· Net debt down 13% to £25.7 million (below 1xNet Debt/EBITDA)

· Digital revenues up 25% at £6.6 million and digital margins maintained above target level at 48%

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Related Company: STVG

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