This famously is the year of elections. So the Stephanomics feed has been taken over by our bonus series, Voternomics. It’s a weekly look at the way geopolitics - and elections - are upending the longstanding assumptions of policymakers and business people around the world. Hosted by Stephanie Flanders, head of Bloomberg Economics and former BBC economics editor, former government advisor Allegra Stratton and Opinion columnist and author Adrian Wooldridge.
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2588: Mark Browing CEO of Zinc Media: 34% Revenue Growth to £40.2m
MP3•Episoder hjem
Manage episode 414543557 series 86977
Innhold levert av Justin Waite. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Justin Waite eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Mark Growing CEO of Zinc Media #ZIN discusses their Final Results for the Year Ended 31st December 2023:
Financial Highlights: Full year revenue increased by 34% to £40.2m (FY22: £30.1m), ahead of market expectations.
o Revenue growth was driven by 19% organic growth in television revenues of £3.9m alongside a full year contribution of The Edge which was acquired in August 2022.
o The Group has significantly outperformed the UK television production sector with revenues growing by £23m in two years, a compound annual growth rate (CAGR) of 52%.
o 80% of revenue was delivered from existing customers, in line with FY22.
• Gross margins have increased from 34.0% to 39.5%, driven by higher margin TV work and the full year impact of The Edge.
• Adjusted EBITDA[1] of £1.0m (FY22: £0.1m), the highest for 13 years and in line with market expectations.
o Profitability was suppressed by some of the Group's businesses still being in an investment stage, where they are delivering rapid revenue growth but are yet to reach profitability and made a combined loss of £1.2m.
• Robust balance sheet with cash of £4.9m as at 31 December 2023 (31 December 2022: £3.6m), a £1.3m increase on FY22 driven by the positive trading performance and working capital inflows. Cash as at 19 April 2023 was £5.8m.
• Loss before tax narrowed considerably to £2.0m (FY22: £3.3m). The loss is largely driven by non-cash items including amortisation related to previous acquisitions, depreciation and one-off costs related to share options.
https://zincmedia.com/
Financial Highlights: Full year revenue increased by 34% to £40.2m (FY22: £30.1m), ahead of market expectations.
o Revenue growth was driven by 19% organic growth in television revenues of £3.9m alongside a full year contribution of The Edge which was acquired in August 2022.
o The Group has significantly outperformed the UK television production sector with revenues growing by £23m in two years, a compound annual growth rate (CAGR) of 52%.
o 80% of revenue was delivered from existing customers, in line with FY22.
• Gross margins have increased from 34.0% to 39.5%, driven by higher margin TV work and the full year impact of The Edge.
• Adjusted EBITDA[1] of £1.0m (FY22: £0.1m), the highest for 13 years and in line with market expectations.
o Profitability was suppressed by some of the Group's businesses still being in an investment stage, where they are delivering rapid revenue growth but are yet to reach profitability and made a combined loss of £1.2m.
• Robust balance sheet with cash of £4.9m as at 31 December 2023 (31 December 2022: £3.6m), a £1.3m increase on FY22 driven by the positive trading performance and working capital inflows. Cash as at 19 April 2023 was £5.8m.
• Loss before tax narrowed considerably to £2.0m (FY22: £3.3m). The loss is largely driven by non-cash items including amortisation related to previous acquisitions, depreciation and one-off costs related to share options.
https://zincmedia.com/
3388 episoder
MP3•Episoder hjem
Manage episode 414543557 series 86977
Innhold levert av Justin Waite. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Justin Waite eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Mark Growing CEO of Zinc Media #ZIN discusses their Final Results for the Year Ended 31st December 2023:
Financial Highlights: Full year revenue increased by 34% to £40.2m (FY22: £30.1m), ahead of market expectations.
o Revenue growth was driven by 19% organic growth in television revenues of £3.9m alongside a full year contribution of The Edge which was acquired in August 2022.
o The Group has significantly outperformed the UK television production sector with revenues growing by £23m in two years, a compound annual growth rate (CAGR) of 52%.
o 80% of revenue was delivered from existing customers, in line with FY22.
• Gross margins have increased from 34.0% to 39.5%, driven by higher margin TV work and the full year impact of The Edge.
• Adjusted EBITDA[1] of £1.0m (FY22: £0.1m), the highest for 13 years and in line with market expectations.
o Profitability was suppressed by some of the Group's businesses still being in an investment stage, where they are delivering rapid revenue growth but are yet to reach profitability and made a combined loss of £1.2m.
• Robust balance sheet with cash of £4.9m as at 31 December 2023 (31 December 2022: £3.6m), a £1.3m increase on FY22 driven by the positive trading performance and working capital inflows. Cash as at 19 April 2023 was £5.8m.
• Loss before tax narrowed considerably to £2.0m (FY22: £3.3m). The loss is largely driven by non-cash items including amortisation related to previous acquisitions, depreciation and one-off costs related to share options.
https://zincmedia.com/
Financial Highlights: Full year revenue increased by 34% to £40.2m (FY22: £30.1m), ahead of market expectations.
o Revenue growth was driven by 19% organic growth in television revenues of £3.9m alongside a full year contribution of The Edge which was acquired in August 2022.
o The Group has significantly outperformed the UK television production sector with revenues growing by £23m in two years, a compound annual growth rate (CAGR) of 52%.
o 80% of revenue was delivered from existing customers, in line with FY22.
• Gross margins have increased from 34.0% to 39.5%, driven by higher margin TV work and the full year impact of The Edge.
• Adjusted EBITDA[1] of £1.0m (FY22: £0.1m), the highest for 13 years and in line with market expectations.
o Profitability was suppressed by some of the Group's businesses still being in an investment stage, where they are delivering rapid revenue growth but are yet to reach profitability and made a combined loss of £1.2m.
• Robust balance sheet with cash of £4.9m as at 31 December 2023 (31 December 2022: £3.6m), a £1.3m increase on FY22 driven by the positive trading performance and working capital inflows. Cash as at 19 April 2023 was £5.8m.
• Loss before tax narrowed considerably to £2.0m (FY22: £3.3m). The loss is largely driven by non-cash items including amortisation related to previous acquisitions, depreciation and one-off costs related to share options.
https://zincmedia.com/
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