Centaur on track driven by exhibitions arm

Publishing firm Centaur said it had traded strongly in the four months to the end of October and was on track to meet expectations.

Publishing firm Centaur said it had traded strongly in the four months to the end of October and was on track to meet expectations.

Underlying revenues across the Group were 9% ahead of the same period last year, the firm said.

Underlying print, digital and events revenues were up 2%, 15% and 23% respectively.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Forward bookings in its exhibitions divison were ahead by 17% year-on-year.

Analysts at Altium Securities said they were encouraged by this morning's update and, although mindful of the group's 50% advertising exposure, believe its stock offers attractive value given the substantial growth prospects encompassed in its forecasts.

Altium maintains its Buy recommendation.