Videndum PLC (LSE:VID) shares fell 35% in Thursday's trade, dropping to 265p, after this morning's profit warning.
The firm, which makes content-creation equipment, has guided to full-year adjusted EBITDA of between £15 million and £18 million after logistics disruption and manufacturing problems pushed sales into the second half.
It added that the Middle East conflict increased freight costs and delivery times while delaying customer purchasing decisions. Production challenges at its Feltre facility compounded the pressure, although most of those issues have now been resolved.
For the six months ended 30 June, like-for-like revenue is expected to be broadly unchanged from a year earlier, with adjusted EBITDA modestly ahead. Net debt was £39 million, including £24 million of finance leases.
Videndum also appointed Jan Peter Tewes as chief executive from 17 August. Tewes, formerly chief executive of Ideal Standard, joins from Villeroy & Boch, where he worked on the integration of Ideal Standard following its acquisition
