Zinc Media Group PLC Trading Update (9758E)
July 05 2023 - 1:00AM
UK Regulatory
TIDMZIN
RNS Number : 9758E
Zinc Media Group PLC
05 July 2023
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation.
5 July 2023
Zinc Media Group plc
("Zinc" or the "Group")
Trading update
Zinc Media Group plc (AIM: ZIN), the award-winning television,
brand and audio production group, is pleased to announce a trading
update ahead of its Capital Market Day ("CMD") being held
today.
As at the end of June, total revenue won and due to be
recognised in FY23 is now GBP31m. This figure exceeds the total
revenue generated in the whole of FY22, and represents Zinc's best
performance at this stage in a financial year for over a decade.
All divisions continue to deliver revenue growth despite increasing
economic headwinds. The Group's pipeline remains strong with a
further GBP7m of revenue for recognition in FY23 in highly advanced
dicsussions.
The Group is delighted that its newest television label Atomic
Television has won its first commission. It is a substantial
contract worth over GBP1m for an international bluechip
broadcaster. Atomic only launched at the beginning of the year and
is a new TV production label based in Bristol specialising in
premium specialist factual within the genres of history, science
and adventure, focussing on the lucrative US market, alongside the
UK.
The Group is hosting a CMD at 11:00am this morning at its London
Headquarters. Zinc's CEO Mark Browning will present the growth
strategy for the Group along with the latest research demonstrating
the growth opportunities in the television and content production
market. There will be a chance to meet other members of the board,
senior management and tour the production facilities.
Mark Browning , Chief Executive Officer , Zinc Media Group ,
says:
" The performance in H1 has been strong and positions the Group
for an excellent FY23. Some strong headwinds in the UK remain,
however the high rate of booking in H1 and our increasingly
international revenue mix means we are well placed to navigate
this. I am particularly pleased to report the first commission for
Atomic TV which we only launched in January 2023. This further
underpins our reputation for launching successful new television
labels, in new markets, which grow our organic revenue."
For further information, please contact:
Zinc Media Group plc +44 (0) 20 7878 2311
Mark Browning, CEO / Will Sawyer, CFO
www.zincmedia.com
Singer Capital Markets (Nominated Adviser and Broker) +44 (0) 20
7496 3000
James Moat / George Tzimas / Alex Emslie
IFC Advisory Ltd (Financial PR) +44 (0) 20 3934 6630
Graham Herring / Zach Cohen
About Zinc Media Group
Zinc Media Group plc is a premium television and content
creation group.
The award-winning and critically acclaimed television labels
comprise Brook Lapping, Red Sauce, Supercollider, Tern Television,
Rex and Atomic, along with Bumblebee Post Production, and produce
programmes across a wide range of factual genres for UK and
international broadcasters.
Zinc Communicate specialises in developing cross-platform
content for brands, businesses and rights holders.
The Edge Picture Company produces film content for brands and
corporates in the UK, Qatar and other international markets.
For further information on Zinc Media please visit
www.zincmedia.com .
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END
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