B2B publisher Centaur has said its performance this year will be in line with expectations and it is “well-positioned to take advantage of a recovery”.
The group put out a trading update this morning covering the four months to the end of April. No numbers were mentioned, but Centaur said conditions remained “very challenging” and an “extensive cost reduction programme” was in place.
“While the current outlook for our served markets remains uncertain the board is confident that the group has established strongfoundations for future growth and margin recovery through a substantial cost reduction programme and continued investment in our web platform,” it said.
Centaur has renegotiated its debt with Royal Bank of Scotland and has access to a £5m credit facility until May 2012. The group said this would provide “adequate headroom” for the next three years.