logo-loader
viewFuture PLC

Future looks bright as media company mulls resumption of dividend payments

The company once known as Future Publishing is really getting the hang of this digital lark, with its online audience seeing organic growth of 12% year-on-year

Teamrock.com screen grab
Just one of the many niche markets served by Future

Media group, Future PLC (LON:FUTR), is considering resuming dividend payments after a strong performance this year that saw adjusted underlying earnings (EBITDA) more than double.

In the year to the end of September, EBITDA rose to £11.0mln from £5.2mln the year before on the back of a 43% increase in revenue to £84.4mln from £59.0mln the previous year.

READ: Future shares jump as the magazine publisher reports strong first half earnings

The media division saw revenue rise in line with group revenue to £34.1mln from £23.9mln, of which 34% was organic growth.

E-commerce revenue rose 107% to £8.9mln.

Recurring revenue streams still only represent 27% of total revenue, but that represents an improvement of two percentage points year-on-year.

"Our strategy to diversify revenues through acquisition and organically has delivered substantial growth in both operating profitability and cash conversion. This has been driven by strong revenue performance in e-commerce and events, supported by our investment in digital assets and continued tight management of costs,” said Zillah Byng-Thorne, chief executive of Future.

"Our three acquisitions during the financial year have further increased the size and range of our engaged communities. The integration of both Imagine and Team Rock has now been completed and Home Interest, acquired in early August, is progressing well,” she added.

READ: Future reports positive trading but Imagine Publishing deal falters

“We are seeing clear momentum in our strategy to build a global platform business for specialist media with data at its heart, focused on enduring content that connects with our substantial and expanding audience base," Byng-Thorne added.

The board said it is considering the payment in the current financial year.

Quick facts: Future PLC

Price: 1492 GBX

LSE:FUTR
Market: LSE
Market Cap: £1.4 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Stobart Group PLC reports ' strong strategic and operational first-half...

Stobart Group (LON:STOB) CEO Warwick Brady and CFO Lewis Girdwood highlight what they believe to be the 'significant growth potential' within its aviation division and in particular at London Southend airport. Passenger numbers at the airport increased by 41.8% to 1.2 million in the six...

1 day, 20 hours ago

RNS

PDMR Shareholding

1 day, 22 hours ago

Full Year Results

2 days, 5 hours ago

Holding(s) in Company

1 week, 4 days ago

Holding(s) in Company

1 week, 4 days ago

Total Voting Rights

1 week, 5 days ago

Publication of Circular

1 week, 5 days ago

Holding(s) in Company

1 week, 6 days ago

2 min read