Future plc (LON:FUTR), the global platform for specialist media, today issued a trading update covering the four-month period ended 31 January 2020.
The Group has continued to see strong momentum in the year to date; in particular, we have continued to grow the audience numbers within the Media division. This underpins strong organic revenue growth, which together with improved conversion of higher margin revenues, in both eCommerce and digital display advertising is benefitting the Group’s trading results. In addition, our cash position remains ahead of the Board’s expectations, also reflecting the strong cash conversion of our Media revenue streams.
The Future Board now expects the outcome for the full year to be materially ahead of current market expectations, despite some uncertainty in the macro-economic environment.