Harris said these projects, worth several million pounds, were pushed into the second half. Videndum also recorded £5.3 million of volume declines in certain product areas and a £1.4 million foreign-exchange impact. Videndum generated positive operating cash flow in the first six months, compared with an outflow in the prior-year period. Morgan said further working-capital inflows were expected in the second half as the company continued to reduce inventory and manage supplier and customer terms. Looking ahead, Harris said Videndum expected performance to improve in the second half and characterized the first-half result as a one-off.