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Trading profits at special-interest publisher

Future

will be around £2 million lower than forecast for the full year. In a trading update published today , ahead of its half-year results due to be published in May, Future reported that trading has "remained challenging" with group revenue for the six months ending 31 March down by 2 to 3 per cent on the same period last year.

The company added that trading profits continue to be affected by "the structural shift to digital distribution" but said it is seeing strong returns from some of its digital and partnership products.

"The Group is therefore maintaining the planned investment in both the UK and the US, despite margin pressure, to ensure the Group is well positioned for the future," the statement adds. In February, Future reported that print advertising income had fallen 10 per cent year on year in the last quarter of 2010, but digital grew by 25 per cent over the same period.

At the time chief executive Stevie Spring said the company expected the trading environment "to remain challenging throughout 2011".

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Written by
Rachel Bartlett

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