Trading update

RNS Number : 5949Q

Future PLC

16 October 2013

 



16 October 2013

Future plc

Trading Update

Future plc, the international media group, today provides a trading update ahead of its results for the year ended 30 September 2013, which will be announced on 22 November 2013.

The Board expects that the Group's results for the year to 30 September 2013 will be broadly in line with management's expectations. This follows a strong financial performance in the final quarter of the year. We are now seeing encouraging momentum across all trading areas, and forward advertising bookings for the first quarter of FY14 are over 30% up on the same point last year.

Future is making good progress in reshaping the business and continues to pursue cost savings in order to improve operating margins. The Board remains committed to resuming dividends, suspended in 2011, with a final dividend for the year ended 30 September 2013.  

Enquiries

Future plc:
Mark Wood, Chief Executive                         Tel: [phone]
Graham Harding, Chief Financial Officer         Tel: [phone] 7042 4433
Chris Taylor, Director of Communications       Tel: [phone]

Brunswick Group:
Jon Coles / Andy Rivett-Carnac                     Tel: [phone]

About Future plc:

·      Future plc is an international media group and leading digital business, listed on the London Stock Exchange (symbol: FUTR).

·      We have operations in the UK, US and Australia creating more than 200 publications, apps, websites and events.

·      We hold market-leading positions in Technology, Games, Guitar, Creative and Sport & Auto sectors.

·      We attract more than 51 million monthly global unique users to our websites, which include techradar.com, gamesradar.com, bikeradar.com and musicradar.com.

·      Future sold more than 24 million magazines last year, that's 45 magazines sold every minute. Our most well-known brands include T3, Cycling Plus, Total Film, Mollie Makes and Official Xbox Magazine.

·      Future has developed its own app-creation software, FutureFolio. We produce over 100 digital editions, and have now sold over five million digital copies.

·      Future exports or syndicates 225 publications to over 89 countries, making us the UK's number one exporter and licensor of magazine content.

·      Future has been named Consumer Digital Publisher of the Year for three years in a row by the Association of Online Publishers (2011, 2012, 2013) and has been named the Professional Publishers Association Digital Publisher of the Year for two consecutive years (2012, 2013). Future is also the British Media Awards Media Company of the Year.

 

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