Future Plc has announced better than expected performance in its FY’19E pre-close trading update driven by a mix of Amazon Prime Day activity and positive underlying momentum in US operations, supported in part by a strong dollar. Integration of recent acquisitions has further increased capacity, supplementing already positive organic audience growth and benefitting margin performance. Top-line outperformance means full year EBITDA is now expected to be materially ahead of current market expecta ....
05 Sep 2019
Strong pre-close update drives forecast upgrades
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Strong pre-close update drives forecast upgrades
Future plc (FUTR:LON) | 625 -71.9 (-1.8%) | Mkt Cap: 720.3m
- Published:
05 Sep 2019 -
Author:
Caspar Erskine -
Pages:
4
Future Plc has announced better than expected performance in its FY’19E pre-close trading update driven by a mix of Amazon Prime Day activity and positive underlying momentum in US operations, supported in part by a strong dollar. Integration of recent acquisitions has further increased capacity, supplementing already positive organic audience growth and benefitting margin performance. Top-line outperformance means full year EBITDA is now expected to be materially ahead of current market expecta ....