Last checked at 13 May 2015 11:30
13 May 2015
Centaur Media plc
("Centaur" or "the Group")
AGM statement
At the Group's AGM, held at 11.30am today, the Chairman, Patrick Taylor made the following comment on trading, based on results for the four month period to 30 April 2015:
"Underlying¹ revenues across the Group as a whole grew by 3% in the first four months of 2015, and higher rates of growth are expected over the remainder of the year. Digital paid-for content revenues are continuing to grow well. Encouragingly, digital advertising revenues have returned to growth and as a consequence total advertising revenues grew by 2% in the first four months of 2015, a marked improvement on the 9% decline reported in 2014. The Group's live events revenues reflect the impact of event phasing and the planned removal of a number of low margin events.
The Group's new operating structure and events programme continues to deliver efficiency benefits. As a result, in the first half of 2015 the Group expects adjusted operating margins to be slightly ahead of expectations, despite the previously announced re-phasing of two awards events from June to coincide with the Festival of Marketing in the second half of the year.
Digital product development is progressing well. The migration of branded web sites onto a new, responsive mobile platform and the development of new data intelligence products have progressed as planned. The Board remains encouraged by the outlook for 2015, and anticipates that trading for the full year will be in line with current market expectations".
Enquiries:
Centaur Media plc
Andria Vidler, Chief Executive 020 7970 4000
Mark Kerswell, Group Finance Director
IR Focus
Neville Harris 07909 976 044
Note to editors
Centaur Media is an award winning UK-based multi-platform content group that inspires and enables people to excel at what they do, setting the standard for market insight, interaction and impact.
The Group's leading brands include: Econsultancy, Marketing Week, Festival of Marketing, Creative Review, Celebrity Intelligence, Fashion Monitor, Money Marketing, Platforum, The Lawyer, VBR, Employee Benefits, The Engineer, Subcon, Homebuilding & Renovating, Business Travel Show and The Meetings Show.
____________________________
¹Adjusted for the disposal of Pefect Information in June 2014, event phasing and the impact of discontunied events