Brief: Facilities By Adf Says Sees H1-FY23 Unaudited Rev Of £21.8 Million

Facilities by ADF

03/08/2023 07:30

Aug 3 (Reuters) - Facilities By ADF PLC  ADFF.L :
    * FACILITIES BY ADF  - TRADING STATEMENT
    * FACILITIES BY ADF PLC SEES H1-FY23 UNAUDITED REVENUES OF
£21.8
MILLION AND UNAUDITED ADJUSTED EBITDA OF £5.8 MILLION
    * FACILITIES BY ADF- STOPPAGES, DELAYS TO PRODUCTIONS DUE TO
USA
WRITERS & ACTORS STRIKES SCHEDULED TO START IN AUTUMN 2023,
PUSHED INTO EARLY 2024
    * FACILITIES BY ADF - REVENUE FROM GROUP'S UNAFFECTED UK
PRODUCTIONS & PIPELINE SEEN TO GENERATE REVENUE FOR FY ENDING 31
DEC 2023 OF BETWEEN £35 MILLION - £40 MILLION
    * FACILITIES BY ADF- CONTINUES TO ASSESS IMPACT ON PLANNED
WORK
PROGRAMME FOR REMAINDER OF FY IN CONJUNCTION WITH ITS PRODUCTION
COMPANY CONTACTS
    * FACILITIES BY ADF PLC - ANY ALLEVIATION OF PREVAILING
STRIKE
ACTION WILL PROVIDE POTENTIAL FOR FURTHER UPSIDE IN CURRENT
FINANCIAL YEAR
    * FACILITIES BY ADF PLC - CONFIDENT GROUP IS IN A STRONG
POSITION
TO CAPITALISE ONCE PREVIOUS PRODUCTIONS LEVEL RESUME
    * FACILITIES BY ADF PLC - REMAIN VERY CONFIDENT IN LONG-TERM
SUCCESS OF ADF

Source text for Eikon:  ID:nRSC1271Ia 
Further company coverage:  ADFF.L 

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