Future sees full-year results at lower-end of guidance

3rd Feb 2014 08:05

International digital and print publishing group Future saw total revenues rise by one per cent in the four months up until Monday´s trading statement, driven by its UK business.The company continues to be on track to meet its expectations for full-year results, albeit at the lower end of the current range. The above comes despite a 9% increase in digital and diversified revenues and an 11% increase in sales at its technology arm. Advertising revenues slowed down towards the end of the period after a strong start, due to the re-scheduling of planned advertising campaigns around major video games. Lead times also lengthened for some of its content marketing activity. Net debt as of the December 31st stood at £10.4m, for a 38% reduction on prior year levels, as per management´s expectations. The company´s Chief Executive, Mark Wood, expressed confidence in the outfit´s ability to deliver double-digit growth in its normalised earnings before interest, taxes, depreciation, amortisation and exceptional items this year. AB