Future sees FY earnings 'materially ahead' of expectations
Future
618.00p
16:40 24/04/24
-3.21%
-20.50p
Specialist media publisher Future said it expected full year core earnings to be “materially ahead” of expectations driven by trading in the US and forex benefits in the final quarter.
FTSE 250
19,719.37
17:09 24/04/24
n/a
n/a
FTSE 350
4,419.71
17:09 24/04/24
n/a
n/a
FTSE All-Share
4,374.06
16:44 24/04/24
n/a
n/a
Media
11,814.38
17:09 24/04/24
-1.27%
-151.74
The owner of Guitar World and TechRadar said it had seen a positive performance from Amazon Prime Day-related activity.
“Full year earnings before interest, tax, depreciation and amortisation is now expected to be materially ahead of current board expectations,” Future said on Thursday.
“The group continues to show positive momentum in revenue growth in all our core areas and our cash conversion continues to be excellent, with year-end leverage expected to be under 1x.”