REG - Future PLC - AGM trading update

FutureAnnouncement

07/02/2024 07:00

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RNS Number : 2425C  Future PLC  07 February 2024

7 February 2024

Future plc

AGM trading update

 

 

 

Future plc (LSE: FUTR; "Future" or "the Group"), the global platform for
specialist media, today announces a trading update covering the four-month
period ended 31 January 2024.

 

Overall performance has been broadly in-line with expectations, with the
anticipated revenue improvement to the Q4 FY2023 exit rate. Strong trading in
price comparison and good growth in B2B are offsetting a slower start to the
year in affiliate products and digital advertising due to continued
macroeconomic pressures and low visibility impacting the wider sector.
Magazines continue to be resilient. Foreign exchange has been a headwind,
given currency movements in the period.

 

Implementation of the Growth Acceleration Strategy, as outlined at full-year
results in December 2023, is underway, with encouraging progress from the Hero
brands, which are outperforming the wider brand portfolio.

 

 

Future will announce its half-year results on 16 May 2024.

 

 

 

Enquiries

 

 Future plc
 Jon Steinberg, Chief Executive Officer                   +44 (0)1225 442244
 Penny Ladkin-Brand, Chief Financial Officer
 Marion Le Bot, Head of Investor Relations                +44(0)7775 641509

 Media
 Headland                                                 +44 (0) 20 3805 4822
 Stephen Malthouse, Rob Walker, Charlie Twigg             future@headlandconsultancy.com

 

Legal Entity Identifier (LEI): 213800K2581YRLEXV353

 

About Future

We are the platform for creating and distributing trusted, specialist content,
to build engaged and valuable global communities. We operate c.230 brands in
diversified content verticals, with multiple market leading positions and
three core monetisation frameworks: advertising, eCommerce affiliate and
direct consumer monetisation (subscriptions and newstrade magazine sale). Our
content is published and distributed through a range of formats including
websites, email newsletters, videos, magazines and live events. The successful
execution of our strategy is focused on three pillars: grow engaged audience,
diversify and grow revenue per user and optimise the portfolio.

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