Videndum Plc (VID.L), a provider of hardware and software products to the content creation industry, said on Friday that its full-year 2024 results were in line with the guidance provided on December 16, 2024, with a projection for revenue of around 280 million pounds.
As a result of the additional restructuring initiatives, the company has increased its 2025 cost-saving target to 15 million pounds from 10 million pounds previously. These costs are mainly structural in nature and not expected to return as volumes rise. The associated cash restructuring costs related to announced initiatives are now projected to be around 15 million pounds, of which 3 million pounds was incurred in 2024.
The company noted that these measures are positioning Videndum for a strong recovery and expanding margins.
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