FFI Holdings PLC Trading Update (3364Z)
17 May 2019 - 4:00PM
UK Regulatory
TIDMFFI
RNS Number : 3364Z
FFI Holdings PLC
17 May 2019
FFI Holdings PLC
("FFI" or "the Company")
Trading Update
London, 17 May 2019 FFI Holdings PLC (AIM: FFI) FFI, the world
leader in the provision of completion contracts to the
entertainment industry and one of the largest providers of
production services and equipment to film makers, is pleased to
confirm that it expects Underlying EBIT will be within, but at the
lower end of, the range of $7.5 to $11.5m set out in its trading
statement of 4 March 2019.
Other than completion contracts, which has been exposed to a
number of previously disclosed headwinds in the financial year, all
of the Company's divisions are expected to report trading in line
with or ahead of the Board's expectations.
About FFI Holdings PLC
FFI Holdings PLC is the holding company of Film Finances Inc., a
leading provider of diversified services across the entertainment
industry. FFI was formerly focused on completion contracts to the
entertainment industry, and over successive decades, has grown
globally to become a trusted, iconic brand at the centre of the
film industry.
Founded in the 1950s, FFI soon established itself as the world
leader in completion guarantees to the entertainment industry,
offering assurance to financiers that productions will be completed
on time and on budget. These guarantees serve to offload risks to
production budgets and timelines for financiers, as well as for FFI
through long-standing insurance relationships.
FFI listed on the AIM market in June 2017 and has diversified
its business beyond completion contracts to provide services across
the broader entertainment landscape. FFI is also present in China,
where it provides a growing range of entertainment-related services
including completion contracts to the domestic film making
industry.
Headquartered in Los Angeles, USA, FFI has 11 offices globally,
including in London, Stockholm, Toronto, New York, Cape Town,
Cologne and Shanghai.
ENQUIRIES:
FFI Holdings PLC
David Sasso, Head of Investor Relations
+1 310 275 7323
Liberum (Nominated Adviser and Corporate Broker)
Steve Pearce
Joshua Hughes
+44 (0) 3100 2000
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END
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