Future PLC Trading update (4121Q)
February 19 2019 - 1:00AM
UK Regulatory
TIDMFUTR
RNS Number : 4121Q
Future PLC
19 February 2019
19 February 2019
Future plc
Trading update
Future plc ("Future"), the global platform for specialist media,
today issues a trading update.
The strong momentum experienced in the first quarter of the
financial year has continued and the Board now expects the outcome
for H1 to be significantly ahead of its expectations. In
particular, we have seen a positive performance in audience numbers
within the Media side of the business which has led to strong
revenue conversion in both ecommerce and digital display
advertising over the first four months of the financial year.
Whilst a great deal of uncertainty remains from the
macro-economic environment in terms of H2 outcome, the strong
trading in the first four months of the financial year means that
the Board now expects the outcome for the full year to be
significantly ahead of market expectations.
Enquiries:
Future plc 01225 442244
Zillah Byng-Thorne, Chief Executive Officer
Penny Ladkin-Brand, Chief Financial Officer
Instinctif Partners 020 7427 1412
Kay Larsen / Chantal Woolcock
About Future:
Future is a global platform business for specialist media with
diversified revenue streams.
The Media division is high-growth with three complementary
revenue streams: eCommerce, events and digital advertising. It
operates in a number of sectors including technology, games, music,
home interest, hobbies and B2B and its brands include TechRadar, PC
Gamer, Tom's Guide, Homebuilding & Renovating Show,
GamesRadar+, The Photography Show, Top Ten Reviews, Live Science,
Guitar World, MusicRadar, Space.com and Tom's Hardware.
The Magazine division focuses on publishing specialist content,
with over 80 publications and over 520 bookazines published per
year, totalling global circulation of 1.3 million. The Magazine
portfolio spans technology, games and entertainment, music,
creative and photography, hobbies, home interest and B2B. Its
titles include Classic Rock, 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.
END
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