The trading update contains three clear positives: e-commerce and events revenues are growing strongly; acquisitions are performing to plan from both strategic and integration perspectives; and net debt is lower than expected. From a revenue and profit perspective, a better revenue performance has allowed the Company to increase investment but still achieve its H1 profit objective. While we do not see profit expectations rising at this stage, we do expect the marked improvement in working capita ....
11 Apr 2017
N+1 Singer - Future - H1 trading update confirms further progress
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N+1 Singer - Future - H1 trading update confirms further progress
Future plc (FUTR:LON) | 638 28.7 0.7% | Mkt Cap: 735.6m
- Published:
11 Apr 2017 -
Author:
Johnathan Barrett -
Pages:
3
The trading update contains three clear positives: e-commerce and events revenues are growing strongly; acquisitions are performing to plan from both strategic and integration perspectives; and net debt is lower than expected. From a revenue and profit perspective, a better revenue performance has allowed the Company to increase investment but still achieve its H1 profit objective. While we do not see profit expectations rising at this stage, we do expect the marked improvement in working capita ....