Business-to-business publisher Centaur Media has reported a “notable increase” in digital revenues and an improvement in profit margins in the full year to the end of June.
In a trading update this morning, the group also announced that it had completed its acquisition of digital marketing group Econsultancy.com for an initial £12m.
Centaur said profits were in line with expectations and the group’s profit margin had increased from 14% to 18% in the past year. Like-for-like group revenues were up 2% year on year.
Digital revenues continued to show strong growth and now account for 30% of total group turnover, up from 26% in the previous year, Centaur said. Events revenue also continues to grow.
Chief executive Geoff Wilmot said it had been “a significant year of change for Centaur”.
He added: “Our revenue mix has improved significantly, with a notable increase in the proportion of digital revenues.
“At the same time, we have delivered underlying revenue growth despite difficult trading conditions and have secured a significant improvement in margins. We look forward to building on this performance in FY13 and delivering the full benefits of our recent acquisitions.”
Centaur will confirm the figures when it publishes its full-year results on 13 September.