Centaur gets boost from restructuring

Events firm and trade publisher Centaur Media said it had seen significant improvement in revenues and cost base at the start of its 2012/13 financial year.

The firm reported revenues across the group ware up by 14% in the period with EBITDA (earnings before interest, tax, depreciation and amortisation) margins benefitting from recent restructuring initiatives.

Digital and events revenues accounted for 38% and 30% of total revenues in the period, up from 32% and 22% in the same period last year.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

Across the Business Publishing division marketing, legal and financial communities continue to see weakness in advertising revenues.

However, its the HR and engineering 'communities' reported good rates of underlying growth.

The outlook across Business Publishing for the seasonally stronger second half of the financial year remained relatively uncertain for the Group's advertising-led products, Centaur said.

"Whilst trading conditions remain challenging in some markets, we are well placed to deliver further growth in 2013 and continue to make good progress towards our medium-term targets," said Chief Executive Geoff Wilmot.

"We anticipate trading to be in line with our expectations for the current financial year."

MM