- Company raised £125mn from shareholders in November
- Analyst expects downgrades to earnings forecasts
It was a terrible year for Videndum (VID), the seller of audio visual equipment. A triple whammy of the actors’ and writers’ strikes in Hollywood, a “challenging macroeconomic environment” and destocking by customers drove revenue from continuing operations down by 31 per cent to £307mn, leading it to declare a pre-tax loss of £18.8mn, compared with a prior-year profit of £42.2mn.