Fusion Corporate Partners

Centaur Media plc publishes its interim results for the six months ended 31 December 2013

February 20, 2014 2:00 pm

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

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