Future continues success with another year of record results

Future plc, the global platform for specialist media, has revealed another year of record results, delivering sustained growth.

Highlights include

Revenue growth of 36% to £825.4m
Geographically, in the US, we achieved organic revenue growth of 7% demonstrating continued momentum from the execution of our US strategy for our newer acquisitions. In the UK organic revenues declined by 1%, reflecting weighting towards magazine revenue.
Adjusted operating profit grew 39% to £271.7m
Digital advertising revenue performed strongly, up 7% organically

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

“I am pleased to report another year of record results, adding to our long-term track record, as we delivered sustained growth across all key metrics” said Zillah Byng-Thorne, CEO of Future. “Our performance is testament to our diversified revenue streams, the strength of our content and the brilliant teams we have working across our business.”

“Looking ahead, whilst we are monitoring the macroeconomic climate, we remain confident in our strategy and the growth opportunities that we are uniquely placed to capitalise on, and we expect to deliver modest profit growth and market share gains.”