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
EBITDA1 margin of approximately 16%, ahead of
consensus2.
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 cash3 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.