Centaur Media Plc (CAU.L), a business information, events and marketing services group, on Friday said it expects to report first-half results in line with the Board’s expectations, with its revenues up 14 percent from last year, reflecting the impact of recent acquisitions. Meanwhile, underlying revenues declined 3 percent.
The company added that it anticipates trading to be in line with expectations for the current financial year, although the second half continues to account for the large majority of its earnings.
In its trading update for the six months to December 31, the company added that EBITDA margins increased to 10 percent from 6 percent.
Digital and events revenues now account for 39 percent and 28 percent respectively of total Group revenues, up from 32 percent and 22 percent in the same period last year. Over the same period, the share of total revenues generated in print format has reduced, as expected, to 31 percent from 45 percent.
The company noted that growth in underlying revenues across the Business Information and Exhibitions divisions has been offset by weaker revenues across the Business Publishing financial and marketing communities.
Centaur Media said it will report exceptional costs, as anticipated, for the first six months of the year related to reorganisation costs, IFRS3 earn-out charges and acquisitions.
Chief Executive Geoff Wilmot said, “We have maintained momentum in improving the quality of our portfolio of activities as we continue to grow revenues from digital and events. We continue to focus on increasing margins and we have a strong pipeline of new product development initiatives which positions us well to deliver further growth in the medium term.”
The company expects to release its half yearly earnings report on February 20.
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by RTT Staff Writer
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