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.

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.

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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.