View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Publishers
  2. B2B
November 16, 2011updated 12 Sep 2012 9:39pm

Revenue grows 9 per cent at Centaur

By Andrew Pugh

Revenue growth at B2B publisher Centaur was up 9 per cent in the four months to October 31, compared with growth of 14 per cent in the financial year to June.

In an interim management statement the company – whose publications include The Lawyer, Marketing Week and Money Marketing – said print revenue was up 2 per cent year on year, digital was up 15 per cent and events revenue had risen by 23 per cent.

Advertising and paid-for content revenues were both up 6 per cent year on year.

Chief executive Geoff Wilmot said: 'We are very encouraged by the strong start to the year, with the benefits of the restructuring programme implemented this summer seen across the group.

 

'While the economic environment remains uncertain, all three divisions are growing well, recent acquisitions are performing well and there is a strong pipeline of potential acquisitions.

'Overall, the group is trading in line with our expectations for the current financial year."

The company said it retained a 'strong balance sheet", had in place an £8m revolving credit facility and was in 'active discussions'to put in place additional facilities.

It also said that its deferred revenues of £10m were in line with the same period last year.

In June Centaur announced a review which saw headcount drop 10 per cent and which incurred restructuring costs of £2.5m.

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly dose of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network