Future (FUTR) Trading Update summary
Event summary combining transcript, slides, and related documents.
Trading Update summary
13 Jun, 2025Financial performance and outlook
FY24 performance expected to align with market consensus: revenue of £786m and adjusted operating profit of £220m.
Achieved a return to organic revenue growth in H2 2024, maintaining strong financial characteristics.
Strategic initiatives and portfolio optimisation
Progressing with the Growth Acceleration Strategy, focusing on portfolio optimisation for sustainable organic growth.
Initiated closure of non-core or low/no-growth assets in Q4, including external video production, selected events, and some print/digital brands, representing about £15m in annualised revenue with below-average margins.
Capital allocation and shareholder returns
£45m share buyback programme underway, with over £30m repurchased to date.
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