Last checked at 19 Jan 2022 07:00
Centaur Media plc
Incorporated in England and Wales
Registration number: 04948078
LEI: 2138005WK87G7DQRQI62
ISIN: GB0034291418
19 January 2022
Centaur Media Plc
("Centaur" or the "Company")
Trading Update
Strong trading in Q4
Centaur, an international provider of business information, training and specialist consultancy, provides an update on trading for the financial year ended 31 December 2021. The Board is pleased to report that trading has remained strong in its Flagship 4 and Core Brands in the last quarter particularly in Econsultancy, MW Mini MBA, The Lawyer and Marketing Week. As a result, Centaur expects to report revenues of at least £38.5m for the year and a Group adjusted EBITDA1 margin in excess of 15%, both ahead of consensus. Centaur ended the year with a cash balance of £13.1m as at 31 December 2021 (£8.3m as at 31 December 2020).
The Company will announce its 2021 results on 16 March 2022.
Swag Mukerji, Chief Executive Officer, commented:
"In 2021, we introduced our Margin Acceleration Plan, MAP23, to drive profitable revenue growth for the business. I am pleased with the progress our brands have made with this strategy over the past twelve months and both our Flagship 4 and Core Brands have seen strong trading performances. We remain on track to hit our MAP23 targets."
-Ends-
1 Adjusted EBITDA is adjusted operating profit before depreciation and amortisation. Adjusted results exclude adjusting items, such as amortisation of acquired intangible assets, as detailed in note 4 of the Interim Report for the period ended 30 June 2021.
Enquiries
Centaur Media Plc | 020 7970 4000 |
Swag Mukerji, Chief Executive Officer | |
Simon Longfield, Chief Financial Officer | |
Teneo | |
Zoë Watt / Matthew Thomlinson | 07713 157561 / 07785 528363 |
Note to editors
Centaur is an international provider of business information, training and specialist consultancy that inspires and enables people to excel at what they do, raising the standard for insight, interaction and impact. Leading brands include The Lawyer, Econsultancy, Influencer Intelligence, MW Mini MBA, Marketing Week, Festival of Marketing, Creative Review, Fashion & Beauty Monitor, Oystercatchers and Really B2B.