Centaur Media plc – full year results

centaurCentaur 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.

centaur results 13

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

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