FFI Holdings PLC

FFI lowers expectations as film business remains subdued

The number of completion contracts signed rose in the half year to September but they were lower budget productions and fees fell

Fewer big budget productions wanted insurance in the first half

FFI Holdings Plc (LON:FFI) lowered its full-year profit expectations after a below-par performance in its core film insurance business.

While the number of completion contracts signed rose in the half year to September, they were lower budget productions and fees fell.

READ: FFI Holdings needs next release to be a hit to start recovery process

Completion contracts are tailored insurance policies to make sure films get finished and claims on its policies had also risen, said FFI.

Revenues from FFI’s first piece of original content, a documentary about Pandas, have also disappointed.

A spate of acquisitions over the past year helped interim revenues rise by 91% to US$45.6mln, but underlying profits [EBIT] dropped to US$6mln from US$7.1mln.

Steven Ransohoff, chief executive, said: “Equipment Rental, Insurance, Technical Services and Content have all performed very well and are expected to grow into the future.

“Whilst Completion Contracts continue to be an important part of our business, performance has been muted.

FFI added the board was disappointed by the company's poor share price performance since it joined AIM last year and is committed exploring the options to address this issue.

Liberum, the company’s house broker, now expects underlying profits will match or slightly beat last year’s, while it expects net cash of US$10mln at the year-end.


Quick facts: FFI Holdings PLC

Price: £0.25

Market: AIM
Market Cap: £39.77 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of FFI Holdings PLC named herein, including the promotion by the Company of FFI Holdings PLC in any Content on the Site, the Company receives from...



FFI Holdings

2 days, 4 hours ago

Form 8 (DD) - FFI Holdings PLC

2 days, 13 hours ago

Result of General Meeting

2 days, 14 hours ago

Form 8.5 (EPT/RI)

3 days, 10 hours ago

Form 8 (DD) - FFI Holdings PLC

3 days, 12 hours ago

FFI Holdings PLC - Offer Closed

6 days, 5 hours ago

Form 8.5 (EPT/RI)

6 days, 10 hours ago

Form 8 (DD) - FFI Holdings PLC

6 days, 11 hours ago

2 min read