Future PLC (LSE:FUTR)

£ 10.41 0.27 (2.66%) Market Cap: 1.20 Bil Enterprise Value: 1.54 Bil PE Ratio: 13.63 PB Ratio: 1.09 GF Score: 75/100

Half Year 2020 Future PLC Earnings Call Transcript

May 22, 2020 / 08:30AM GMT

Release Date Price: £12.16 (+11.36%)

Transcript

Zillah Byng;Thorne

Future plc - CEO & Executive Director

Good morning, everyone, and welcome to the Future plc 2020 Half 1 Results. I'm very pleased to be able to present the business results to you today. In order to help orientate, I'll just call out each slide that I'm on before I move to it so you can follow us through the presentation.

Just moving on to Slide 2. I just wanted to give you a brief update on the key highlights of the last 6 months before handing over to Penny, who'll take you through the financial detail. I think the headline on this slide continued strong momentum, the strategy is working, probably captures the summary of the business update. And despite the challenging and unprecedented time that we find ourself in, our strategy continues to deliver. We have, over the last 6 months, had really record-breaking audience numbers with average users during the period of 253 million, so just over 0.25 billion, growth of 26% year-over-year.

Our monetization model is such that this strong audience growth has resulted in double-digit organic revenue

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