The Media business has had a storming first half smashing our expectations and becoming the larger of the 2 units in H1, faster than we expected. Group revenues are up 25% and over 13% ahead of our forecast. EBITDA is ahead by 8.6% at £8.8m with net debt an impressive £6.8m lower than forecast and falling to just £2.0m. With good trading momentum, Home Interest integrated and two recent acquisitions to build in we lift our FY18, FY19 and FY20 EPS by 4.3%, 12.1% and 19.8% respectively. Our 3 year ....
17 May 2018
Revenues, profits and cash ahead (again)
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Revenues, profits and cash ahead (again)
Future plc (FUTR:LON) | 625 -71.9 (-1.8%) | Mkt Cap: 720.3m
- Published:
17 May 2018 -
Author:
Johnathan Barrett -
Pages:
3
The Media business has had a storming first half smashing our expectations and becoming the larger of the 2 units in H1, faster than we expected. Group revenues are up 25% and over 13% ahead of our forecast. EBITDA is ahead by 8.6% at £8.8m with net debt an impressive £6.8m lower than forecast and falling to just £2.0m. With good trading momentum, Home Interest integrated and two recent acquisitions to build in we lift our FY18, FY19 and FY20 EPS by 4.3%, 12.1% and 19.8% respectively. Our 3 year ....