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Published on: March 5, 2024

New targets show continuing transformation

Operating profit of £20.1m for FY23 is in line with expectations set in November. Forecasts change only minimally, and a firmer recent tone to Q1 advertising is encouraging. After delivering on FY21-FY23 targets for Digital and Studios, STV has set new targets implying potential OP of c.£25m by end-FY26E from these growth activities alone (excluding Broadcast) – underlining the continuing evolution and growth potential of the company.

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