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Centaur Media

Centaur Media reports revenue growth for second half of 2011

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By Stephen Lepitak, -

January 13, 2012 | 2 min read

Publishing and events company Centaur Media has said that it expects to report underlying revenue for the second half of 2011 of 4% ahead of the same period in 2010, despite a weakening of revenue in November.

In updating its trading performance, the company has said that it expects to meet board expectations, stating that despite a dip in revenue in November, it returned to growth in December, while digital revenue also continued to show a strong growth rate, and print revenue remained flat.

Pre-tax earnings were also said to have been ahead of the same period in 2010, which Centaur claimed was due to restructuring initiatives that took place during 2011 including taking Design Week and New Media Age online only, as well its disposal programme of several titles.

The completed acquisition of Investment Platforms Limited and Venture Business Research by Centaur was also revealed to have been worth a total of £4.3m, taking the company’s debt to £5.5m by the end of 2011 with the group claiming that it expected to be ‘cash positive’ by 30 June 2012.

Geoff Wilmot, chief executive of Centaur, commented: "We remain encouraged by what has been a good first half. While the economic outlook is challenging, we see strong potential across each of the Business Publishing, Business Information and Exhibitions divisions and there remains a strong pipeline of potential acquisitions.

"The second half of the year traditionally accounts for the majority of our earnings, and we anticipate trading in line with our expectations for the current financial year."

Centaur Media

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