Last checked at 11 May 2016 07:00
11 May 2016
Centaur Media plc
AGM statement
The following trading update will be provided to shareholders at the Company's AGM, to be held at 12.30pm today.
Revenue growth in the first four months of the year was 5%. Paid-for content and exhibitions revenues continue to grow well, although we are currently experiencing some market pressure in advertising and sponsorship revenues.
Cash conversion for the first four months of the year was 170% and we expect cash conversion rates for the remainder of the year to remain strong. Net debt at 30 April was £15.2m, down from £17.9m at 31 December 2015. We remain confident that net debt to adjusted EBITDA will be tracking below one times by the end of the year.
Whilst it is early in the year, the Board anticipates that trading for the full year will be in line with market expectations.
Enquiries:
Centaur Media plc
Andria Vidler, Chief Executive 020 7970 4000
Mark Kerswell, Group Finance Director
Investor Relations
Neville Harris, IR Focus 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, raising 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, Employee Benefits, The Engineer, Subcon, Homebuilding & Renovating, Business Travel Show and The Meetings Show.