Centaur Media plc, the business information, events and media group, has published its interim results for the six months ended 31 December 2013.
HIGHLIGHTS
- Reported revenue in the six months to 31 December 2013 up 8% to £32.7m (2012: £30.4m) 2
- Deferred revenues up 16% to £17.5m (31 December 2012: £15.1m)
- Digital and events revenues account for 71% of revenue (2012: 67%)
- Paid-for content revenues up 9% to £10.6m (2012: £9.7m)
- Adjusted EBITDA up 7% to £3.1m (2012: £2.9m)
- Adjusted EBITDA margins stable during a period of significant change
- Interim dividend increased by 3% to 0.85p (2012: 0.825p)
- Successful event launches including The Meetings Show and Festival of Marketing
- Successful digital product development includes Celebrity Intelligence and Filings Expert
- Good progress on harnessing combined strengths across the Group to drive revenue generation
- Andria Vidler appointed as Chief Executive – accelerated focus on audiences and markets
| Six months to
31 December 2013 Unaudited |
Six months to
31 December 2012 Unaudited |
Reported Growth | Year to 31 December 2013
Unaudited |
Year to 31 December 2012
Unaudited |
Reported Growth | |
| Revenue (£m) | 32.7 | 30.4 | 8% | 74.4 | 69.4 | 7% |
| Adjusted EBITDA (£m) 1 | 3.1 | 2.9 | 7% | 13.1 | 12.9 | 2% |
| Adjusted EBITDA margin 1 | 9% | 10% | 18% | 19% | ||
| Adjusted profit before tax (£m)1 | 0.9 | 0.7 | 8.8 | 8.8 | ||
| Loss before tax (£m) | (2.9) | (5.0) | (35.3) | (0.8) | ||
| Basic LPS (pence) | (1.7) | (3.1) | (25.7) | (1.3) | ||
| Adjusted basic EPS (pence) 1 | 0.5 | 0.3 | 66% | 4.7 | 4.5 | 4% |
| Dividend per share (pence) | 0.85 | 0.825 | 3% | 2.425 | 2.325 | 4% |
Andria Vidler CEO of Centaur, said, “We have a number of strong brands, deep content, a talented team and considerable technical expertise. We aim to be the first place customers turn for information and insight and to interact with their peers. To deliver this we are refocusing – using our own resources – and placing our audiences at the heart of everything we do. This will enable us to prioritise market facing and commercial initiatives, and to harness our combined strengths across the business to drive revenue generation and value creation.”
He added, “It is early days but I am increasingly optimistic about the Group’s potential and the energy and enthusiasm of the team across the business to embrace these changes. We have made good progress in a very short time. At this stage of the 2014 financial year, I am encouraged by the potential across the business and anticipate that trading will be in line with the Board’s expectations.”
See the full announcement here
UK, London
Related articles:
- Wilmot abandons plans to make an offer for Centaur Posted on October 22, 2013
- Former Centaur Media chief executive Geoff Wilmot to make a bid for the company Posted on September 25, 2013
- Centaur Media plc – full year results Posted on September 12, 2013
- 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
Fusion Corporate Partners 
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