The Group at a glance
The Vislink Group is a profitable, focussed and cash-positive technology business. With an impressive track record of timely acquisitions in the both the UK and US, the group’s success is built on its ability to build and support strong local management teams at its four market-leading brands. By fostering the entrepreneurial drive of around 450 people worldwide within a stable and disciplined group structure, Vislink offers a unique portfolio of proven technologies for broadcasting, defence, law enforcement and marine safety.
Highlights of the interim results for the six months ended 30 June 2008
Strategic developments since 30 June:
- New Chief Executive appointed
- Services business enhanced with acquisition of the business of Marcom
- DLES strategy underpinned by the acquisition of Pacific Microwave Research Inc
Operational highlights:
- Trading in line with expectations
- Revenue was £46.6 million (2007 - £46.2 million)
- Core RF businesses reported 7% growth in orders received
- Strong growth in orders received at Hernis – up 20%
- Net cash of £6.5 million at 30 June 2008.
Highlights for the year ended 31 December 2007
Below are the highlights for the year ended 31 December 2007. You can read about the Group's performance in more detail in our interactive Annual Reports & Accounts 2007. For a list of upcoming investor events and announcements, please visit our upcoming events page.
2007 Financial highlights
- Revenue was £98.6 million (2006 - £100.5 million)
- Underlying revenue increased by 7.4% excluding the effects of foreign exchange rates and revenue associated with the completed legacy Venezuelan contract
- Adjusted* operating profit up 9.9% to £15.7 million (2006 - £14.3 million)
- Profit before tax increased 10.1% to £14.0 million (2006 - £12.7 million)
- Adjusted earnings per share up 13.5% to 7.21 pence (2006 - 6.35 pence)
- Cash generated from operations up 10.5% to £6.3 million (2006 - £8.4 million)
- Dividend increased 25% to 1.25 pence (2006 - 1.0 pence)
(*Adjusted operating profit is operating profit before the amortisation of acquired intangibles. Adjusted earnings per share are calculated on the same basis.)
2007 Operational highlights
Key financial performance metrics of underlying revenue, margin, earnings per share and cash generated from operating activities have all shown year on year growth. For full information, see our six-month and annual reports in the download centre.
- Dividend increased by 25% to 1.25p
- Strong growth at Hernis
- Good progress made with the strategic development of core operations
- Acquisition of WTS in July establishes US services business
- Establishment of international DLES presence
- Revenue growth in European and Asian markets
Key facts
- Customers on 5 continents
- Strong US presence
- 450 employees worldwide
- Five main operating locations
- Market leader in chosen markets
- Consistent investment in R&D
Recent history
Vislink plc was previously listed on the Irish Stock Exchange as Silvermines Group plc, an Irish company. In 1999 the Group disposed of certain non-core activities and changed its name to Vislink plc.
In 2000 Vislink acquired Advent Communications Limited in the UK and Microwave Radio Communications in the United States. At the end of 2000 a new holding company, Vislink plc (registered in England) was re-listed as a UK company on the London Stock Exchange following a scheme of arrangement.
In February 2005 Vislink acquired Link Research Ltd. Vislink plc is listed on the London Stock Exchange's Small Cap index and is categorised as operating in the Information Technology Hardware FTSE sector.
In July 2007 the Group acquired the business of Western Technical Services, based in California, USA.
This was followed in August 2008 by the acquisition of Pacific Microwave Research, Inc, also based in California.
