Future PLC AGM trading update
07 February 2024 - 6:00PM
RNS Regulatory News
RNS Number : 2425C
Future PLC
07 February 2024
7 February 2024
Future plc
AGM 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 2024.
Overall performance has been broadly
in-line with expectations, with the anticipated revenue improvement
to the Q4 FY2023 exit rate. Strong trading in price comparison and
good growth in B2B are offsetting a slower start to the year in
affiliate products and digital advertising due to continued
macroeconomic pressures and low visibility impacting the wider
sector. Magazines continue to be resilient. Foreign exchange has
been a headwind, given currency movements in the period.
Implementation of the Growth
Acceleration Strategy, as outlined at full-year results in December
2023, is underway, with encouraging progress from the Hero brands,
which are outperforming the wider brand portfolio.
Future will announce its half-year
results on 16 May 2024.
Enquiries
Future plc
|
|
Jon Steinberg, 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
We are the platform for creating and
distributing trusted, specialist content, to build engaged and
valuable global communities. We operate c.230 brands in diversified
content verticals, with multiple market leading positions and three
core monetisation frameworks: advertising, eCommerce affiliate and
direct consumer monetisation (subscriptions and newstrade magazine
sale). Our content is published and distributed through a range of
formats including websites, email newsletters, videos, magazines
and live events. The successful execution of our strategy is
focused on three pillars: grow engaged audience, diversify and grow
revenue per user and optimise the portfolio.
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