In a statement to the stock exchange it said that although Q4 order intake increased by about 5% year on year, organic, constant currency order intake reduced by over 10%.
However, the Kingston-upon-Thames based company expects its 2008 results to be in line with expectations.
The statement read: “In the current economic climate our visibility remains limited and it is therefore difficult to provide guidance on how our various market segments will develop in 2009. However, based on our leading market positions, competitive cost base and strong balance sheet, the Board believes the Group is well positioned to address most potential outcomes.”
The company said that group sales in 2008 are expected to be around £335m, approximately 22% higher than 2007, taking into account acquisitions.
Vitec paid out redundancy costs of around £1m in December.
Financials relate to the year ended 31 December 2008. Preliminary results will be announced on 2 March 2009.
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