Fusion Corporate Partners

Centaur Media plc, the business information, events and marketing services group, has published its full year results for the year to 30 June 2013.

Financial highlights

• Adjusted EBITDA up 10% to £12.9m (2012: £11.7m)
• Adjusted profit before tax up 8% to £8.6m (2012: £8.0m)
• Reported loss before tax of £37.4m (2012: profit £2.7m) includes a non-cash impairment charge of £39.2m (2012: £nil)
• Adjusted basic EPS up 7% to 4.5p (2012: 4.2p) with a proposed full year dividend of 2.4p (up 7%)
• Cash conversion remains strong at 112% (2012: 120%)

Operational highlights

• Revenue mix continues to improve
  • Digital contribution increased to 35%, paid-for content 28% and events 36%
  • Advertising revenues reduced as planned to 35% of total revenues
• Refocus around market segments driving greater focus on delivery of revenue and cost synergies

The acquisition of Econsultancy.com Limited was completed in July 2012, Centaur reported that the integration is accelerating.

Note: The Econsultancy sale was a Fusion Corporate Partners deal. Fusion represented the shareholders of Econsultancy.

• A Fusion Deal: Econsultancy sold to Centaur July 10, 2012

Click on the table to enlarge the view

Mark Kerswell, Interim Chief Executive, commented, “We have continued to improve our revenue and earnings profile as well as accelerate the delivery of our strategic objectives. We now have a sharper focus on markets and customers and a strong pipeline of new digital platforms and event launches. We are better placed to exploit fully the numerous opportunities across the Group. “Our digital, subscription and events businesses are growing well, whilst our print, advertising funded businesses are stable. With deferred revenues up 27%, the outlook for 2014 is positive.”

UK, London

Related articles:

• Centaur – Profits to miss forecast – Executives out Posted on May 16, 2013
• Centaur Media plc – half year results for the six months ended 31 December 2012 Posted on February 22, 2013
• Centaur Media PLC – half year trading update Posted on January 11, 2013
• Centaur Media year-end trading statement Posted on July 17, 2012
• A Fusion Deal: Econsultancy sold to Centaur Posted on July 10, 2012
• Centaur Media acquires Profile Group Posted on February 21, 2012
• Centaur Media acquires Investment Platforms for up to £6.3M Posted on September 6, 2011
• Centaur Media plc reports profits at top end of expectations Posted on July 15, 2011
• Centaur Media plc to be restructured and to sell off some titles Posted on June 30, 2011
• Centaur Media PLC – Interim Management Statement Posted on May 12, 2011
• Centaur Media acquires The Forum for Expatriate Management for up to £6.75M April 7, 2011
• Centaur Media has acquired for Taxbriefs £1.9 million Posted on June 2, 2010