3rd Feb 2014 08:55
LONDON (Alliance News) - Future PLC said Monday that it remained on track for full-year results at the lower end of the current range of expectations, as it saw revenues rise 1% in the first quarter ended December 31, 2013.
The company said it had seen modest revenue growth. After a strong start to advertising revenues in the quarter, trading slowed down in the later weeks. Future said this slow down was due to the rescheduling of advertising campaigns around major video games, and longer lead times for some of its content marketing activity.
Revenues from the company's Digital & Diversified business rose 9%, Future said.
The media and digital publishing company said it was confident it would deliver double-digit growth in earnings before interest, tax, depreciation, amortisation and exceptional items compared to the previous year.
Shares in Future were trading down 11% at 14.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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