Zinc Media Group (ZIN)

Sector:

Media

Index:

FTSE AIM All-Share

 77.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 112.50
  • 52 Week Low: 75.00
  • Currency: UK Pounds
  • Shares Issued: 22.77m
  • Volume: 482
  • Market Cap: £17.64m

Zinc Media FY EBITDA, revenues seen ahead of market views

By Michele Maatouk

Date: Tuesday 07 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Zinc Media surged on Tuesday after it said full-year revenue and adjusted EBITDA were set to be ahead of current market expectations following a strong performance in the fourth quarter.
The TV, brand and audio production company said it has performed "very well"since its last update on 21 November, delivering a strong financial performance to the end of FY22 and starting the year in its strongest position in five years, "with several high value new commissions and an excellent pipeline of further opportunities".

As a result, it also expects the group to be profitable at EBITDA level in the second half of the year.

Zinc hailed a strong Q4 performance as The Edge - which produces film content for brands and corporates in the UK, Qatar and other international markets - had its best trading year ever.

Chief executive Mark Browning said: "This is the strongest start to a financial year during my time at Zinc and comes off the back of our expected over performance against market expectations for FY22.

"The group has an excellent pipeline and a high amount of revenue at contracting or highly advanced stage for FY23. The Edge is performing ahead of initial expectations, and we have launched another new TV label which will further diversify our product and client base in FY23 and FY24."

At 1010 GMT, the shares were up 13.4% at 94.70p.

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ZIN Market Data

Currency UK Pounds
Share Price 77.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 112.50
52 Week Low 75.00
Volume 482
Shares Issued 22.77m
Market Cap £17.64m

ZIN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.42% below the market average39.42% below the market average39.42% below the market average39.42% below the market average39.42% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Price Trend
36.57% below the market average36.57% below the market average36.57% below the market average36.57% below the market average36.57% below the market average
14.89% below the sector average14.89% below the sector average14.89% below the sector average14.89% below the sector average14.89% below the sector average
Income Not Available
Growth
28.99% above the market average28.99% above the market average28.99% above the market average28.99% above the market average28.99% above the market average
18.18% above the sector average18.18% above the sector average18.18% above the sector average18.18% above the sector average18.18% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ZIN Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
09:43 482 @ 75.00p

ZIN Key Personnel

CFO Will Sawyer
CEO Mark Browning

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