17 May 2019 07:00
FFI Holdings PLC
("FFI" or "the Company")
Trading Update
London, 17 May 2019 FFI Holdings PLC (AIM: FFI) FFI, the world leader in the provision of completion contracts to the entertainment industry and one of the largest providers of production services and equipment to film makers, is pleased to confirm that it expects Underlying EBIT will be within, but at the lower end of, the range of $7.5 to $11.5m set out in its trading statement of 4 March 2019.
Other than completion contracts, which has been exposed to a number of previously disclosed headwinds in the financial year, all of the Company's divisions are expected to report trading in line with or ahead of the Board's expectations.
About FFI Holdings PLC
FFI Holdings PLC is the holding company of Film Finances Inc., a leading provider of diversified services across the entertainment industry. FFI was formerly focused on completion contracts to the entertainment industry, and over successive decades, has grown globally to become a trusted, iconic brand at the centre of the film industry.
Founded in the 1950s, FFI soon established itself as the world leader in completion guarantees to the entertainment industry, offering assurance to financiers that productions will be completed on time and on budget. These guarantees serve to offload risks to production budgets and timelines for financiers, as well as for FFI through long-standing insurance relationships.
FFI listed on the AIM market in June 2017 and has diversified its business beyond completion contracts to provide services across the broader entertainment landscape. FFI is also present in China, where it provides a growing range of entertainment-related services including completion contracts to the domestic film making industry.
Headquartered in Los Angeles, USA, FFI has 11 offices globally, including in London, Stockholm, Toronto, New York, Cape Town, Cologne and Shanghai.
ENQUIRIES:
FFI Holdings PLC
David Sasso, Head of Investor Relations
+1 310 275 7323
Liberum (Nominated Adviser and Corporate Broker)
Steve Pearce
Joshua Hughes
+44 (0) 3100 2000