The STV Group plc Board proposes an interim dividend of 3.9p per share, +5% on 2021, after considering all relevant factors including the ongoing macroeconomic and geopolitical uncertainty.
Other financial highlights include:
Total revenue of £62.1m, +3% on 2021 and +13% on 2019; excluding ELM in 2021 total revenue +4% year on year
Operating profit of £11.9m, +22% on 2021 and +8% on 2019
STV-controlled advertising continued to deliver strong revenue growth, with VOD advertising on the STV Player +16% (+109% on 2019) and regional advertising +11% (+15% on 2019)
Studios revenue +16% reflects ongoing commissioning momentum
Operating margin of 19%, broadly back to pre-Covid levels
Adjusted EPS of 20.0p, +4%
Net debt of £6.6m, up £6.9m since December 2021 due to expected short term funding of increased productions activity; significant headroom maintained
