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Trading statements

Future FY to be ahead of forecasts

04 October 2017 07:26

Future expects results for the year ended 30 Sep to be ahead of the board's expectations.

The group said overall trading had been positive and the group had achieved good growth in operating profitability and has benefited from strong cash conversion in the period, with year-end leverage less than 1x adjusted EBITDA.

The group said its media division was performing well with fast revenue growth, particularly in eCommerce and events.

And it said the magazine division has benefited from the added scale and operational efficiencies of the Imagine Publishing, Team Rock and Home Interest acquisitions.

Chief executive Zillah Byng-Thorne said: 'We have delivered growth in both operating profitability and cash conversion, driven by strong revenue growth in eCommerce and events.

'The three acquisitions we have made during this financial year have further strengthened and diversified our revenue streams, as we continue to build a global platform for specialist media with data at its heart.'

Story provided by StockMarketWire.com

Related Company: FUTR

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