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July 12, 2012

Centaur: ‘notable increase’ in digital and events revenue

By Press Gazette

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.”

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Centaur will confirm the figures when it publishes its full-year results on 13 September.

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