Sparks commentary - Zinc Media

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Sparks - Zinc Media

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Zinc (LSE: ZIN) starts new year with strong momentum
Published by Fiona Orford-Williams

Zinc’s full-year trading update indicates adjusted EBITDA up 50% at £1.5m, on revenues down from £40m to £32m as the business changes shape, with non-core elements exited. The group has had a series of good commissions lately across a wide range of formats, from hard-hitting documentary through to a significant shiny-floor primetime quiz show, totalling £16m worth of production won over the last five months. As well as the recently announced commissions, Zinc has a further pipeline of £4m in advanced discussions, with more set to follow. The current order book is 24% ahead of the prior year. The range of Zinc’s output is especially wide for a group of this scale, which provides a strong foundation to support management’s ambitions for growth.

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