Future plc is an international media group, listed on the London Stock Exchange (symbol: FUTR). Founded in 1985 with one magazine, today we have operations in the UK, US and Australia creating over 200 specialist publications, apps, websites and events.

We hold market-leading positions in our core sectors: Technology, Entertainment & Video Games, Sport & Auto, Music and Creative.

Our most successful products include TechRadar (the UK’s number one consumer technology website), T3, Total Film, BikeRadar, MusicRadar, Classic Rock, GamesRadar, Digital Camera and Mollie Makes.

Future attracts more than 50 million monthly unique visitors to our digital properties websites; and we deliver over 100 digital editions and bespoke apps on tablet devices. We sell 2.2 million magazines every month, and export or syndicate to 89 countries, making us the UK’s number one exporter and licensor of magazine content.

Future is the PPA and AOP Consumer Digital Publisher of the Year.


http://www.futureplc.com/




Not invested in this company at present

Interim results Thursday 17 May...

RNS
RNS Number : 6585M
Future PLC
01 May 2018

1 May 2018

Future plc

Completion of acquisition of four specialist consumer titles from Haymarket Media Group

Future plc (LSE: FUTR), the global platform for specialist media, today announces the completion of the acquisition of the specialist consumer titles of What Hi-Fi?, FourFourTwo, Practical Caravan and Practical Motorhome from Haymarket Media Group.

Following initial discussions with the CMA, it was decided not to pursue the acquisition of Stuff. The consideration has therefore been reduced to up to £13m, including the issuance of 370,708 shares which are subject to lock-up restrictions for three months from the date of issue (the "Consideration Shares").

The Company has made applications for the Consideration Shares to be admitted to the standard segment of the Official List and to the London Stock Exchange's Main Market for listed securities ("Admission"). The Company expects Admission to occur at 8am on 2 May.

The four acquired titles generated revenue of £9.6m in the last financial year to June 2017.

RNS
RNS Number : 3487O
Future PLC
17 May 2018

17 May 2018

Future plc

Global media platform generating strong profitable growth

Future plc (LSE: FUTR, "Future", "the Group"), the global platform for specialist media, today publishes results for the six months ended 31 March 2018.

Financial highlights
● Group revenue up 25% to £51.1m (2017: £40.9m), of which 7% is organic
o US revenue organic growth of 22% to £10.4m (2017: £8.5m)
o Media division revenue up 62% to £26.2m (2017: £16.2m), of which 31% is organic
o Organic eCommerce revenue increased 76% to £7.6m
o Digital display advertising revenue up 33% to £11.3m
o Events revenue grew 142% to £7.3m, bolstered by Home Interest acquisition
o Magazine division revenue up 1% to £24.9m (2017: £24.7m), reflecting acquisition of Home Interest's print titles in FY17 offset by expected continued print decline
o Recurring revenue* now 28% (2017: 27%) of total revenue
● Adjusted EBITDA** increased 83% to £8.8m (2017: £4.8m)
● EBITDA margin (adjusted) improvement to 17% (FY17: 12%), reflecting planned changes in revenue mix and operational leverage benefits of increased scale of Group
● Continued growth of adjusted operating profit*** up 97% to £7.5m (2017: £3.8m) and reported operating profit of £3.8m (2017: £1.3m)
● Adjusted EPS up 45% to 13.5p per share (2017: 9.3p per share) and reported EPS increased to 7.4p per share (2017: 2.8p)
● Strong adjusted operating cash inflow**** of £11.1m (2017: £6.2m) and reported operating cash inflow increased 225% to £10.4m (2017: £3.2m) with adjusted cash conversion of 127%*****

Operational highlights
● Considerable progress in strategy to build a profitable global platform business for specialist media with diversified revenue streams, through organic growth and acquisitions
● Scalable infrastructure allowing integration of Home Interest's systems within four months, with limited increase in back office costs
● Leading edge technology has enabled further diversification of revenue mix, with continued improvements in Hawk eCommerce technology and programmatic advertising
● Investment in US management team to realise full potential of US growth opportunity while leveraging the Group infrastructure
● Acquisitions:
o Proven track record of successfully integrating acquisitions, Home Interest now completed
o Acquired US based NewBay Media in April 2018, driving macro revenue diversification with B2B brands and accelerating Future's growth in the US
o Four specialist consumer brands acquired from Haymarket Media Group in May 2018

Zillah Byng-Thorne, Future's Chief Executive, said:

"We have delivered another period of significant growth in the first half of the financial year with increases in both revenue and profitability, driven by our strategy to develop a scalable global platform business.

"Underlying growth has been notably strong in Media revenues and in the US, which represents a significant opportunity for the Group. We have also maintained our relentless focus on delivering sustainable growth in EBITDA, through the generation of profitable and diversified revenue streams.

"The two acquisitions we have made this year exemplify our strategy of growing organically and through acquisition, delivering global expansion and revenue diversification. We have a proven track record of successful delivery, and the Home Interest portfolio we acquired 10 months ago has now been fully integrated. We anticipate continued growth momentum across the business in the second half of the year."

*Recurring revenue comprises eCommerce and subscriptions.
**Earnings before share based payments and associated social security costs, interest, tax, depreciation, amortisation, impairment of intangible assets and exceptional items.
***Before share based payments, amortisation of acquired intangibles and exceptional items, in aggregate of £3.7m (2017: £2.5m).
****Adjusted operating cash inflow represents operating cash inflow adjusted to exclude cashflows relating to exceptional items.
*****Adjusted cash conversion represents adjusted operating cash inflow as a percentage of adjusted EBITDA.

11:00 17/05/2018
Broker Forecast - Numis issues a broker note on Future PLC
Numis today reaffirms its buy investment rating on Future PLC (LON:FUTR) and raised its price target to 560p (from 465p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk