Vitec Group plc SWOT Analysis & Company Profile by BusinessReview

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									Vitec Group plc

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Vitec Group plc: SWOT Analysis &
Company Profile


Reference code: CS0100CP

Published: Jun 2010




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Vitec Group plc - SWOT Profile                                                      Page 1
Vitec Group plc

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Vitec Group plc - Company Overview

Vitec Group plc (Vitec) is an UK based company, engages in providing a range of products and services for the broadcast
and photographic, as well as military, aerospace, and government markets. The company designs, manufactures and
distributes equipment and accessories for professionals and amateurs in photography, video and events. It also designs
and distributes systems and products that are utilized in broadcasting and live entertainment, film and video production. In
addition, the company provides equipment rental, workflow design and technical support for camera, video, audio, fibre
optic and wireless technology used by television production teams and film crews. The company is headquartered in
London, UK.


Financial Performance

The company reported revenues of (British Pounds) GBP 315.10 million during the fiscal year ended December 2009, a
decrease of 6.69% from 2008. The operating profit of the company was GBP 2.90 million during the fiscal year 2009, a
decrease of 89.72% from 2008. The net profit of the company was GBP 3.20 million during the fiscal year 2009, a
decrease of 84.08% from 2008.




Vitec Group plc - Key Facts

Vitec Group plc, Key Facts

                                  1 Wheatfield Way,, Surrey, , K1                                VTC (London Stock Exchange
                                                                    Ticker Symbol, Stock
Corporate Address:                                                                               (LON))VTC (London Stock
                                  2TU, United Kingdom               Exchange                     Exchange (LON))



Telephone                         + 44 20 89394650                  No. of Employees             2,142



Fax                               + 44 20 89394680                  Financial Year End           December



URL                               www.vitecgroup.com                Revenue (in GBP Million)     315.10



Industry                          Consumer Packaged Goods           Revenue (in USD Million)     492.34


                                  China, Singapore, France, Germany, Italy, Netherlands, Slovakia, United Kingdom, Israel, United
Locations                         States, Costa Rica

Source: Annual Report, Company Website, Primary and Secondary Research




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Vitec Group plc - SWOT Profile                                                                                           Page 2
Vitec Group plc

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Vitec Group plc - Business Description

Vitec Group plc (Vitec) is an international group, which principally serves a range of customers in the broadcast,
photographic and military, aerospace and government (MAG) markets. It employs 2142 people.

The company organized its business activities into three segments, namely, Imaging and Staging, Videocom Division and
Services Division.

The company through the Imaging and Staging segment engaged in designing and manufacturing a range of products for
photographic, videography and live event markets. It also distributes in-house and third party photographic accessories.
Various products offered under the division includes photographic and video camera tripods and heads; lighting stands,
grips and accessories; lighting and scenery suspension equipment; camera bags; and live entertainment and exhibition
lighting suspension structures and staging systems. It also offers third party products such as flash units, light meters and
filters. These products are offered under various brands including Avenger, Tomcat, Litec, Brilliant Stages and Manfrotto.
During the fiscal year 2009, the revenue generated from this segment amounted to GBP 141.8 million, an increase of
4.42% compared to the previous fiscal.

Through Videocom segment, the company engages in designing and distribution of equipments to professional who are
involved in producing and transporting video content for the various global media industries, such as broadcast, film, live
events and education. Its range of products are offered under various brands, which includes Anton/Bauer, Autoscript,
The Camera Store, Litepanels, Microwave Service Company, Nucomm, OConnor, Petrol Bags, RF Central, Sachtler,
Vinten and Vinten Radamec. During the fiscal year 2009, the revenue generated from this segment amounted to GBP
147million, a decrease of 14.8% compared to the fiscal year 2008.

The company through its Services segment engages in providing a range of rental equipment and technical support for
the broadcast productions. It is a dealer for high-end audio equipment and provides comprehensive maintenance
services. It also offers fibre optic systems design and installation services along with resale of used broadcast hardware.
During the fiscal year 2009, the revenue generated from this segment amounted to GBP 26.3 million, a decrease of
10.2% compared to the fiscal year 2008.

Geographically, the company classifies its operations into four geographical segments, namely the UK, Rest of Europe,
Americas and Rest of the World. During the fiscal year 2009, the company generated GBP 21.6 million of total revenue
from the UK segment followed by Rest of Europe (GBP 74.9 million), Americas (GBP 167.1 million) and Rest of the World
(GBP 51.5 million) respectively.

Recently, the company entered into an agreement with HM Electronics, Inc to sell its Clear-Com business, including the
operations of Vitec Group Communications Ltd and Clear-Com Research Inc and its membership interest in Vitec Group
Communications LLC.




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Vitec Group plc - SWOT Profile                                                                                      Page 3
Vitec Group plc

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Vitec Group plc - Major Products and Services

Vitec Group plc is serving customers in the broadcast, photographic and military, aerospace and government (MAG)
markets. The key products and services of the company includes the following:

Vitec Group plc, Major Products and Services
Products:

Imaging & Staging:

Photographic and Video Camera Tripods and Heads

Lighting Stands, Grips and Accessories

Lighting and Scenery Suspension Equipment

Camera Bags

Live Entertainment and Exhibition Lighting Suspension Structures and Staging Systems

Flash Units

Light Meters

Filters

Broadcast Systems:

Manual and Remotely Controlled Camera Support Pedestals, Tripods and Heads

Camera and Equipment Bags

Studio and Portable Lighting

Fixed and Mobile Wireless Camera Links

Prompting Products and Services

Microprocessor-controlled Batteries and Chargers for Video Cameras

Multi-locational Wired and Wireless Intercom Systems

Services:

Rental of Audio Equipment

Rental of Broadcast Video Equipment

Rental of High Definition TV

Production Support

Maintenance and Installation of fibre optics
Source: Annual Report, Company Website, Primary and Secondary Research




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Vitec Group plc - SWOT Profile                             
								
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