Future Sees HY Results In Line With Its Expectations

Future plc (FUTR.L) said it expects half-year results to be in line with its expectations, despite the postponement of the larger events from March into the second half and the cancellation of a number of smaller events.

In its update on trading for the six month period ending 31 March 2020, the company noted that the period started well with exceptionally strong digital audience numbers with the resultant beneficial flow through to eCommerce and digital advertising.

As of today, the company has seen limited impact on its digital revenues. Whilst it has seen declines in the travel outlets within the magazine portfolio it is expecting y-o-y growth in the grocers which is partly offsetting the impact of this and therefore, the company continues to expect trading to remain in line with previous expectations.

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