STV Group (STVG)

Sector:

Media

Index:

FTSE Small Cap

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377.00p
   
  • Change Today:
      17.00p
  • 52 Week High: 412.00p
  • 52 Week Low: 318.00p
  • Currency: UK Pounds
  • Shares Issued: 39.19m
  • Volume: 5,733
  • Market Cap: £147.75m
  • Beta: 0.07

STV Group sees small rise in Q1 ad revenue

By Michele Maatouk

Date: Tuesday 23 Apr 2019

LONDON (ShareCast) - (Sharecast News) - STV Group said on Tuesday that it expects to report a small rise in total advertising revenue for the first quarter as it continues to perform in line with expectations and the guidance given at its last trading update in February.
First-quarter advertising revenue across national, regional and digital is expected to be up 1% to 2%, an increase the group attributed to increasing resilience in the ad market. Within that, national advertising revenue is expected to be ahead of previous guidance, down 1% to 2%, while regional ad revenue is seen up 20% to 25% thanks to the ongoing success of the STV Growth Fund which has now partnered with more than 130 Scottish advertisers.

Digital revenues are expected to be 15% to 20% higher on the back of strong growth from STV Player and the company said its production business continues to perform in line with expectations, with revenues secured by the end of the first quarter equivalent to over 60% of the total achieved last year.

Chief executive officer Simon Pitts said: "We have made a strong start to 2019, with TV and online viewing levels continuing their positive momentum from 2018 and total advertising revenue also growing, demonstrating STV's increasing resilience in the advertising market even in an uncertain economic climate.

"Our STV Growth Fund goes from strength to strength, underpinning strong regional advertising sales and bringing new advertisers to television for the first time.

"We are immensely proud of our new Scottish drama series - The Victim - which aired on BBC1 earlier this month to huge critical and popular acclaim and represents just the sort of landmark programming we want to do more of in future."

STV also confirmed that Lindsay Dixon will take up her role as chief financial officer on 21 May, with George Wyatt stepping down on 30 April.

At 1320 BST, the shares were down 1.9% at 375.12p.

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STV Group Market Data

Currency UK Pounds
Share Price 377.00p
Change Today 17.00p
% Change 4.72 %
52 Week High 412.00p
52 Week Low 318.00p
Volume 5,733
Shares Issued 39.19m
Market Cap £147.75m
Beta 0.07

STV Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.07% above the market average68.07% above the market average68.07% above the market average68.07% above the market average68.07% above the market average
71.88% above the sector average71.88% above the sector average71.88% above the sector average71.88% above the sector average71.88% above the sector average
Price Trend
26.03% above the market average26.03% above the market average26.03% above the market average26.03% above the market average26.03% above the market average
34.33% above the sector average34.33% above the sector average34.33% above the sector average34.33% above the sector average34.33% above the sector average
Income
77.99% above the market average77.99% above the market average77.99% above the market average77.99% above the market average77.99% above the market average
75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average
Growth
84.54% below the market average84.54% below the market average84.54% below the market average84.54% below the market average84.54% below the market average
84.13% below the sector average84.13% below the sector average84.13% below the sector average84.13% below the sector average84.13% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

STV Group Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-19 20-Sep-18
Paid 31-May-19 31-Oct-18
Amount 14.00p 6.00p

Trades for 21-Aug-2019

Time Volume / Share Price
16:35 1,960 @ 377.00p
16:02 15 @ 363.00p
16:00 2,000 @ 365.00p
16:00 13 @ 364.00p
12:54 119 @ 371.40p

STV Group Key Personnel

CEO Simon Pitts
CFO Lindsay Dixon

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