TIDMFUTR
RNS Number : 5249A
Future PLC
03 February 2022
3 February 2022
Future plc
Trading Update
Future plc (LSE: FUTR; "Future" or "the Group"), the global
platform for specialist media, today announces a trading update
covering the four-month period ended 31 January 2022 ("the
period").
The Group continues to perform well, benefitting from ongoing
momentum in digital advertising which is more than offsetting the
exceptional year-on-year comparators in audience and eCommerce. As
a result, Group performance in the period is in line with
expectations with good conversion to profit and cash.
This performance underpins the Group's upgraded full year
outlook as announced at the FY 2021 results, despite continued
macro uncertainties and inflationary pressures. Full year results
are expected to be in line with the Board's expectations with the
focus on execution and ongoing platform effect expected to drive
further margin progression in FY 2022.
Following completion of the acquisition of Dennis on 1 October
2021, the integration of the business is on track to be completed
by the end of March 2022.
Future will be holding its AGM today at 11:30am at 121-141
Westbourne Terrace, Paddington, W2 6JR. There will also be a live
webcast of the AGM with the ability for shareholders to ask
questions via the platform after the presentation. Full details on
how to access the AGM can be found at the end of the Notice of
Meeting previously circulated to shareholders.
Zillah Byng-Thorne, Chief Executive, said:
"We are pleased to report the continued growth in the Group,
with trading in line with the expectations we set at the full year
results, delivering material year-on-year growth despite the
inflationary backdrop. Good momentum in digital advertising is
being driven by the strength of our trusted content which continues
to attract a high value audience making us a partner of choice for
advertisers.
"Our diversified strategy positions us well to continue our
strong growth momentum and we are pleased to reiterate our recently
upgraded guidance for the full year."
Enquiries
Future plc
Zillah Byng-Thorne, Chief Executive Officer +44 (0)1225 442244
Penny Ladkin-Brand, Chief Financial Officer
Marion Le Bot, Head of Investor Relations +44(0)7775 641509
Media
Headland +44 (0) 20 3805 4822
Stephen Malthouse, Rob Walker, Charlie Twigg
future@headlandconsultancy.com
Legal Entity Identifier (LEI) : 213800K2581YRLEXV353
About Future
Future is a global platform business for specialist media with
diversified revenue streams. Its content reaches 1 in 2 adults
online in the UK and 1 in 3 in the US.
The Media division is high-growth with complementary revenue
streams including eCommerce for products and services, events, and
digital advertising (including advertising within newsletters and
video). It operates in a number of sectors including technology,
games & entertainment, music, home & gardens, sports, TV
& film, real life, knowledge, wealth & savings, women's
lifestyle and B2B. Its brands include TechRadar, PC Gamer, Tom's
Guide, Android Central, Truly, The Week, Kiplinger, GoCompare,
Digital Camera World, Homebuilding & Renovating Show,
GamesRadar+, The Photography Show, Top Ten Reviews, Marie Claire,
Live Science, Guitar World, MusicRadar, Space.com, What to Watch,
Gardening Etc, Adventure and Tom's Hardware.
The Magazine division focuses on publishing specialist content,
with a combined global circulation of over 3 million delivered
through more than 131 magazines, and 735 bookazines published a
year. The portfolio spans technology, knowledge, games &
entertainment, sports, music, photography & design, homes &
garden, country lifestyle, TV & film and B2B. Its titles
include Country Life, Wallpaper*, Woman & Home, The Week,
Classic Rock, Decanter, Guitar Player, FourFourTwo, Homebuilding
& Renovating, Digital Camera, Guitarist, How It Works, Total
Film, What Hi-Fi? and Music Week.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTFLFLDFDIFIIF
(END) Dow Jones Newswires
February 03, 2022 01:59 ET (06:59 GMT)
Future (LSE:FUTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Future (LSE:FUTR)
Historical Stock Chart
From Apr 2023 to Apr 2024
