Revenue grows 9 per cent at Centaur

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.

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