REG - Centaur Media PLC - Trading Update

Centaur MediaAnnouncement

22/01/2025 12:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250122:nRSV3137Ua&default-theme=true

RNS Number : 3137U  Centaur Media PLC  22 January 2025

Centaur Media plc

Incorporated in England and Wales

Registration number: 04948078

LEI: 2138005WK87G7DQRQI62

ISIN: GB0034291418

 

22 January 2025

Centaur Media Plc

("Centaur" or the "Group")

Trading Update - 2024 performance ahead of consensus

Centaur, an international provider of business intelligence, learning and
specialist consultancy, provides a trading update ahead of publishing its
results for the full year ended 31 December 2024 ("FY24") in March.

Trading update

Trading, since our last update in October, has been ahead of our outlook and
the Board now expects the Group to achieve revenue for FY24 of c. £35m at an
adjusted EBITDA(1) margin of approximately 16%, ahead of consensus(2).

This outcome is despite the marketing sector headwinds in 2024 caused by
macro-economic challenges which had a particular impact on the Econsultancy
and Oystercatchers brands, as well as Xeim's advertising revenue. Centaur's
performance in 2024 was underpinned by growth in revenue from The Lawyer of 7%
and from the MW Mini MBA of 5%.

Centaur continues to maintain a robust net cash(3) balance of £8.9m as at 31
December 2024 (£8.9m as at 30 June 2024) which will support the maximisation
of shareholder value.

As highlighted in December, a review of Centaur's business operations and
strategy is currently underway.

Martin Rowland, Executive Chair, commented:

"It is pleasing to see the Group's performance showing better than expected
results for 2024. Since taking on the role of Executive Chair earlier this
month, I have started a review of Centaur's business units and their brands.
Our focus will be on defining the strategy and enhancing the reputation of
each brand within Centaur to maximise shareholder value while remaining our
customers' partner of choice for business intelligence and learning in the
marketing and legal sectors."

 

-Ends-

 

(1   )Adjusted EBITDA is adjusted operating profit before depreciation and
amortisation. Adjusted results exclude adjusting items, such as amortisation
of acquired intangible assets, as detailed in note 4 of the Interim Report for
the period ended 30 June 2024.

(2)  Consensus from the analysts' latest coverage following the October
trading update was revenue of £34.0m and adjusted EBITDA of £5.1m, an
adjusted EBITDA margin of 15%.

(3  ) Net cash is the total of cash and cash equivalents and short-term
deposits. There are no overdrafts or borrowings in the Group.

 

Enquiries

 Centaur Media Plc                         020 7970 4000
 Martin Rowland, Executive Chair
 Simon Longfield, Chief Financial Officer
 Teneo
 Zoë Watt                                  07713 157561

 

Note to editors

Centaur is an international provider of business intelligence, learning and
specialist consultancy that helps ambitious leaders see around corners and
deliver change in the Marketing and Legal verticals. Our suite of brands
includes The Lawyer, MW Mini MBA, Econsultancy, Marketing Week, Festival of
Marketing and Influencer Intelligence that provide deep sector expertise
across the Legal and Marketing industries based on our customers' needs.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTSEAFFEEISEDF