REG - Zinc Media Group PLC - Trading Update

Zinc MediaAnnouncement

05/07/2023 07:00

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RNS Number : 9758E  Zinc Media Group PLC  05 July 2023

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation.

 

 

5 July 2023

 

 

Zinc Media Group plc

 

("Zinc" or the "Group")

 

Trading update

 

 

Zinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio
production group, is pleased to announce a trading update ahead of its Capital
Market Day ("CMD") being held today.

 

As at the end of June, total revenue won and due to be recognised in FY23 is
now £31m. This figure exceeds  the total revenue generated in the whole of
FY22, and represents Zinc's best performance at this stage in a financial year
for over a decade. All divisions continue to deliver revenue growth despite
increasing economic headwinds. The Group's pipeline remains strong with a
further £7m of revenue for recognition in FY23 in highly advanced
dicsussions.

 

The Group is delighted that its newest television label Atomic Television has
won its first commission. It is a substantial contract worth over £1m for an
international bluechip broadcaster. Atomic only launched at the beginning of
the year and is a new TV production label based in Bristol specialising in
premium specialist factual within the genres of history, science and
adventure, focussing on the lucrative US market, alongside the UK.

 

The Group is hosting a CMD at 11:00am this morning at its London Headquarters.
Zinc's CEO Mark Browning will present the growth strategy for the Group along
with the latest research demonstrating the growth opportunities in the
television and content production market. There will be a chance to meet other
members of the board, senior management and tour the production facilities.

 

 

Mark Browning, Chief Executive Officer, Zinc Media Group, says:

"The performance in H1 has been strong and positions the Group for an
excellent FY23. Some strong headwinds in the UK remain, however the high rate
of booking in H1 and our increasingly international revenue mix means we are
well placed to navigate this. I am particularly pleased to report the first
commission for Atomic TV which we only launched in January 2023. This further
underpins our reputation for launching successful new television labels, in
new markets, which grow our organic revenue."

 

 

For further information, please contact:

Zinc Media Group
plc
           +44 (0) 20 7878 2311

Mark Browning, CEO / Will Sawyer, CFO

www.zincmedia.com (http://www.zincmedia.com)

Singer Capital Markets (Nominated Adviser and Broker)
                                +44 (0) 20 7496
3000

James Moat / George Tzimas / Alex Emslie

IFC Advisory Ltd (Financial
PR)
           +44 (0) 20 3934 6630

Graham Herring / Zach Cohen

 

About Zinc Media Group

Zinc Media Group plc is a premium television and content creation group.

The award-winning and critically acclaimed television labels comprise Brook
Lapping, Red Sauce, Supercollider, Tern Television, Rex and Atomic, along with
Bumblebee Post Production, and produce programmes across a wide range of
factual genres for UK and international broadcasters.

Zinc Communicate specialises in developing cross-platform content for brands,
businesses and rights holders.

The Edge Picture Company produces film content for brands and corporates in
the UK, Qatar and other international markets.

For further information on Zinc Media please visit www.zincmedia.com
(http://www.zincmedia.com/) .

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