StockMarketWire.com - The Vitec Group, a provider of products and solutions for the broadcast and photographic markets, said trading for the four months ended 31 October 2017 was in line with its expectations.

The photographic division performed well and the market continues to show signs of recovery.

In the broadcast division, the group's traditional business benefitted from the sales of new products, including the Flowtech tripod.

The US studio business has had a stronger second half to date, despite challenging market conditions.

The company's higher technology business continued to grow.

The board's expectations for the year ending 31 December 2017 remain unchanged.

Net debt at 31 October 2017 was £48.3 million, down from £52.6 million at 30 June 2017, reflecting strong year-to-date cash generation and net proceeds from the disposal of Bexel in August. This was offset by £13.0 million of investment in acquisitions, and working capital related to the JOBY and Lowepro acquisition.




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