Future PLC
30 January 2007
Future plc 30 January 2007
Trading Update
At today's Annual General Meeting of Future plc, the international
special-interest media group, Chairman Roger Parry will make the following
statement:
'Revenues from continuing activities for the first quarter (October to December)
were in line with expectation, with continued softness in some games revenues
compensated for by online revenue growth exceeding expectation.
'Continuing operating costs and overheads remained under tight control during
the quarter - running at an annualised level £4.5m below those for last year.
The Group's EBITA profit generated for the quarter was in line with expectation.
'Although we continue to take a cautious view of our markets and anticipate that
trading conditions will remain challenging throughout 2007, our new financial
year has begun well and implementation of the strategy outlined on 29 November
2006 continues on track.
'Shareholders are reminded that reported revenue for the financial year ended 30
September 2006 was £224.9m. This figure included £15.4m of revenue from the 44
magazines closed or sold in the year and £13.1m from Future Media Italy, which
was sold in December 2006.'
Enquiries:
Future plc
Stevie Spring, Chief Executive Tel: 020 7042 4032
John Bowman, Group Finance Director Tel: 01225 732281
Hogarth Partnership
James Longfield/Georgina Briscoe Tel: 020 7357 9477
This information is provided by RNS
The company news service from the London Stock Exchange
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