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Vitec Q4 2022: Strong sales growth, profit in line - Redeye

Redeye provides its initial take on Vitec’s Q4 2022 report, which came in broadly above our estimates in terms of sales growth and roughly in line in profit terms. We judge that positives from the report include strong net sales growth of c37% and recurring revenue growth of c29% (c13% organic) in Q4. Notable negatives include slightly lower margins than we pencilled in, though absolute profit numbers roughly aligned with our expectations.

Redeye provides its initial take on Vitec’s Q4 2022 report, which came in broadly above our estimates in terms of sales growth and roughly in line in profit terms. We judge that positives from the report include strong net sales growth of c37% and recurring revenue growth of c29% (c13% organic) in Q4. Notable negatives include slightly lower margins than we pencilled in, though absolute profit numbers roughly aligned with our expectations.
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