May 15th 2012 - Edison Investment Research today published a report on Vitec (VTC.L, LSE:VTC, LON:VTC) entitled "Three Market Strategy". In summary, the report says:
Vitec’s more focused approach to its key core markets delivered strong (24%) underlying PBT growth in FY11. Driven by a broadened portfolio across each of its divisions, robust sales growth should result in meaningful margin expansion and earnings growth. Despite this, Vitec shares are trading on undemanding multiples compared with those of its peers.
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