Zinc Media pipeline remains strong with £7m of revenue for recognition in FY23

Zinc Media Group plc (LON:ZIN), the award-winning television, brand and audio production group, has announced a trading update ahead of its Capital Market Day being held today.

As at the end of June, total revenue won and due to be recognised in FY23 is now £31m. This figure exceeds  the total revenue generated in the whole of FY22, and represents Zinc’s best performance at this stage in a financial year for over a decade. All divisions continue to deliver revenue growth despite increasing economic headwinds. The Group’s pipeline remains strong with a further £7m of revenue for recognition in FY23 in highly advanced dicsussions.

The Group is delighted that its newest television label Atomic Television has won its first commission. It is a substantial contract worth over £1m for an international bluechip broadcaster. Atomic only launched at the beginning of the year and is a new TV production label based in Bristol specialising in premium specialist factual within the genres of history, science and adventure, focussing on the lucrative US market, alongside the UK.

The Group is hosting a CMD at 11:00am this morning at its London Headquarters. Zinc’s CEO Mark Browning will present the growth strategy for the Group along with the latest research demonstrating the growth opportunities in the television and content production market. There will be a chance to meet other members of the board, senior management and tour the production facilities.

Mark Browning, Chief Executive Officer, Zinc Media Group, says:

“The performance in H1 has been strong and positions the Group for an excellent FY23. Some strong headwinds in the UK remain, however the high rate of booking in H1 and our increasingly international revenue mix means we are well placed to navigate this. I am particularly pleased to report the first commission for Atomic TV which we only launched in January 2023. This further underpins our reputation for launching successful new television labels, in new markets, which grow our organic revenue.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn

    More articles like this

    Zinc Media to host Capital Markets Day on 5th July 2023

    Zinc Media Group plc (LON:ZIN), the award-winning television, brand and audio production group, has announced that it will host a Capital Markets Day at 11:00am on Wednesday 5 July 2023. The Group’s CEO Mark Browning will present research demonstrating

    Zinc Media strong FY22 results, with revenues at a 10-year high

    Zinc Media Group plc (LON:ZIN), the award-winning television, brand and audio production group, has announced its audited results for the year ended 31 December 2022. The Group is pleased to report excellent progress for FY22, including the following highlights: Financial

    Zinc Media Group win two year deal worth £7.3 million

    Zinc Media Group plc (LON:ZIN), the award-winning television, brand and audio production group, has announced that the Group has won its largest ever television commission in a two year deal worth £7.3 million. Channel 5 has commissioned Zinc’s popular factual television

    Zinc Media Group to be ahead of current market expectations

    Zinc Media Group plc (LON:ZIN), the award-winning television, brand and audio production group, has announced that the Group has performed very well since its previous trading update on 21 November 2022, delivering strong financial performance to the end of FY22 and starting the year in its strongest position

    Zinc Media expect to deliver revenue ahead of market expectations

    Zinc Media Group plc (LON:ZIN), the award-winning television, brand and audio production group, has announced a trading update alongside details of recent commissions for the current financial year ending 31 December 2022.  Financial highlights: ·      Revenue booked and anticipated

    No more posts to show