Future looks ahead to strong growth as digital titles bring in revenue boost

February 5, 2014
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Bath-based media group Future is predicting double-digit earnings growth this year as its digital products continue to perform strongly.

The group, whose titles span the tech, gaming, leisure and music markets, said digital and diversified revenues were up by 9% in the period from 1 October to Monday of this week. Revenues in its technology category were up by 11%. However total group revenues rose by just 1%.

In an interim management statement to the London Stock Exchange, the group said its order pipeline in the remaining eight months of its financial year and the impact of continuing cost efficiencies meant it should achieve full-year results at the lower end of its expectations.

However, chief executive Mark Wood, pictured, added: “We are focussed on achieving our targets for the full year and remain confident that Future will deliver double-digit normalised EBITDAE (earnings before interest, tax, depreciation, amortisation and exceptional items) growth compared to last year.”

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