South West publishing group Future Plc has told investors it is on track to achieve profit expectations for the financial year.
The Bath-based company, whose titles include Marie Claire, Homes & Gardens, and The Week, expects organic revenues to be around £743m for 2025.
In a pre-close trading statement covering the year ending September 30, Future said adjusted operating profit would likely be £206m, although it gave a range of £197.0m to £207.9m.
It is understood the firm's B2C direct digital advertising is set to grow in the second half in both the US and º£½ÇÊÓƵ, despite continued volatility and a challenging market backdrop.
Programmatic advertising continues to be soft, Future said, but with an improving performance in H2 while eCommerce affiliates revenues declined, impacted by lower audience. Magazines revenues remained resilient, however, the company added.
After a standout financial year in 2024, Future said the performance of Go.Compare had "moderated", reflecting the expected slow-down in the car insurance market and weaker home insurance market. But the dip was partially offset by improved conversion driven by a more efficient platform.
The company's B2B's performance also remains soft but with an improving trend compared to the first half.
"The market in B2B remained mixed, with softness continuing in enterprise technology offsetting progress in other verticals," the company said in a statement to the market on Thursday.
"Alongside good strategic progress, the group continues to maintain its strong financial characteristics of attractive profit margin and good cash generation."
Future will announce its full-year results on December 4, covering the group's strategy and financial framework.
