Centaur Share News (CAU)

Centaur Media, the publisher and events organiser, says revenues are up 14% on 2010 and it expects profits at the top end of expectations.Interestingly, the firm which produces the Lawyer and Marketing Week, says digital advertising revenues (+14%) were up much more than print (+7%) perhaps giving a sense of the general trend within the publishing business. The aggregate figure for advertising sales was 7%.The events business, which includes Marketing Week Live, saw year on year growth of 13%.Centaur has undertaken a significant restructuring in 2011, it claims cost savings associated with this process will total £1.5m although redundancies will incur a one off cash charge of £2.5m.Commenting on the results the chief executive Geoff Wilmot said:"The recently announced restructuring and rationalisation, our portfolio of market leading brands and our strengthened management team, will enable Centaur to benefit more rapidly from continuing recovery and from the recent investments in digital services."Investors seemed to agree with his assessment, the group was up 6.52% in morning trading at 49.00p.BS