Future PLC

Future PLC (LSE: FUTR) is an FTSE 250 index listed global platform for specialist media with diversified revenue streams.

FY23 Trading Update (Released on 29 September 2023)

• Profitability: The Company stated that the Adjusted Operating Profit is expected to be in line with the expectations of the Board. This is despite the ongoing macroeconomic concerns prevailing globally.
• Audience Numbers: The audience numbers reported depict some stability during H2 FY23, whereas the company posted a month-on-month improvement in the final quarter.
• Company Outlook: The Company is optimistic as the overall trading conditions were mixed, gaining traction in some segments while losing attention in others. The advertising and affiliates' product trends were majorly in line with the H1 FY23 expectations whereas the ‘Go.Compare’ revenue improved during H2 FY23.  Further, the currency could be a headwind during H2 FY23 considering the movements in the foreign exchange rates.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Future PLC (LSE: FUTR) was trading at the current market price of GBX 870.17 (as of 09 October 2023, 09:15 AM GMT+1)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 09 October 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.

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