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Future trades 'broadly in line' with expectations
(Sharecast News) - Media business Future said on Wednesday that year-to-date trading had been "broadly in line with expectations", despite seeing a slowdown in digital advertising revenues and pressure from FX swings.
Future said its price comparison unit had been strong in the four months ended January, with good growth in its business-to-business unit, offsetting a softer performance for affiliate products and digital advertising, which it laid at the feet of "continued macroeconomic pressures and low visibility".
The London-listed group also noted that its magazines division had remained "resilient" throughout the period, with its 'Hero brands' outperforming the wider portfolio.
As of 1025 GMT, Future shares were down 3.20% at 695.0p.
Reporting by Iain Gilbert at Sharecast.com
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