Be sure to check our sister interview main ratings news website

Zinc Media expects record year of Revenue and Profitability in FY23, strong forward bookings for FY24

Zinc Media Group plc (LON:ZIN), the award-winning television and content production group, has announced that, subject to audit, it expects to deliver a record year of revenue and profitability in line with market expectations for FY23, and is starting FY24 with the highest level of forward bookings.

Financial highlights:

·      Full year revenue in FY23 increased over 30% to £40m (FY22: £30m) driven by 20% organic growth in television revenues and the impact of a full year of recognition of The Edge which was acquired in August 2022.

·      Adjusted EBITDA is expected to be £1m (FY22: £0.1m), the highest for over 10 years and in line with market expectations.

·      Strong forward order book for FY24:

·      £17m of revenue secured for FY24, which is £2m more than at the same point last year and reflects a further £3m since the trading update on 27 November 2023.

·      £5m of revenue in highly advanced stages of discussion for recognition in FY24, with a substantial pipeline of opportunity for the year ahead in earlier stage discussions.

Read in Full
Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    X
    LinkedIn

    More articles like this

    Zinc Media’s Red Sauce secures £4m major contract recommissions

    26th September 2024

    Zinc Media Group plc (LON:ZIN), the award-winning television, brand and audio production group, has announced the recommissioning of two popular series, with a combined value of £4m in revenue across FY24 and FY25. Red Sauce, Zinc Media’s popular factual label, specialising in high volume productions, has

    Zinc Media wins major new production contracts worth £4m

    17th September 2024

    Zinc Media Group plc (LON:ZIN), the award-winning television, brand and audio production group, has announced it has won major new production contracts worth a combined £4m of revenue to the Group. The specifics of these commissions will remain confidential

    Zinc Media record order book due to be delivered in FY24

    27th November 2023

    Zinc Media Group plc (AIM: ZIN), the award-winning television and content production group, is pleased to announce that following continued new business conversion the Group is trading in line with market expectations* for FY23 and has a

    Zinc Media Group very pleased with the progress of The Edge

    14th November 2023

    Zinc Media Group Plc (LON:ZIN) has announced that, following a strong trading performance by The Edge Picture Co Limited in the period since acquisition in August 2022, the first-year earnings target, set out in the earn-out terms,

    © 2024 – DirectorsTalk. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.