Future PLC Full-year trading update (0661O)
29 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMFUTR
RNS Number : 0661O
Future PLC
29 September 2023
29 September 2023
Future plc
Full-year trading update
Trading in line with expectations
Future plc (LSE: FUTR; "Future" or "the Group"), the global
platform for specialist media, today provides an update on its
performance for the year ending 30 September 2023.
Adjusted operating profit is expected to be in line with the
Board's expectations(1) , delivering a resilient performance
despite continued macroeconomic volatility impacting our
sector.
Audience numbers have stabilised in the second-half and the
Group has had positive month-on-month momentum in the final
quarter.
However, overall trading conditions remained mixed, with
challenges in consumer spending and the digital advertising market.
As a result, Advertising and Affiliates product trends are broadly
in-line with the first-half, as expected, despite a robust Prime
Day in July. Go.Compare (price comparison) revenue has accelerated
in the second half, reflecting favourable market volumes with
consumers looking for value. Magazine revenue has remained
resilient.
Foreign exchange has been a headwind in the second half, given
currency movements in the period.
Future will announce its full-year results on 7 December
2023.
(1) Company compiled consensus for adjusted operating profit is
GBP254.1m
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
Future is a digital-first global platform for intent-led
specialist media. Underpinned by leading technology and enabled by
data, we operate c.250 brands in diversified content verticals,
across our B2C and B2B divisions with multiple market leading
positions and three core monetisation frameworks: advertising,
eCommerce affiliate and direct consumer monetisation. We organise
our brands by specialist interest and have four main content
verticals with 16 subcategories ranging from Consumer Technology
and Home to Wealth and Women's Lifestyle. 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:
organic growth, the platform effect and value-creating M&A.
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END
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(END) Dow Jones Newswires
September 29, 2023 02:00 ET (06:00 GMT)
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