Pre-Close Trading Statement
Centaur Media PLC
08 January 2007
Centaur Media plc
HALF YEAR PRE-CLOSE TRADING STATEMENT
Monday January 8, 2007: Centaur Media plc ("Centaur" or "the Company"), the
specialist business publishing and information company, today issues a pre-close
trading statement, prior to its interim results announcement, which is scheduled
for 15th March 2007.
Results for the 6 months ended 31st December 2006 are expected to show further
growth. As reported at the recent AGM, overall revenues are expected to be
approximately 10% ahead of the equivalent period in 2005. This has been led by
the effect of acquisitions made during the course of the prior financial year
and by the continued growth in online and print advertising. Events results for
the first six months are expected to be below last year, due principally to
later timing of the Mortgage Summit, which now takes place in April 2007.
Overall profits and margins have also improved in the period, in line with the
Board's expectations.
The Company has continued to look for new product opportunities and has, during
the period, launched three new websites (marketingweek.co.uk, designweek.co.uk
and precisionmarketing.co.uk) and two new verticals within the online
lead-generation service ProTalk. Further products are in development across the
portfolio and in the second half, Centaur is planning to launch a number of new
products including a further two new websites alongside HeadlineMoney, a monthly
magazine extending the Company's coverage of the mortgage market and six new
Summits.
Further to the recent announcement that Centaur was discontinuing its online
operation Finance Week, the Company announces that the service is now being
taken over by Sift Media Ltd ("Sift"). Sift will pay Centaur a share of
advertising revenues earned by the service. Centaur will retain the right to
organise events for the Finance Week audience, which will be marketed by Sift in
return for a share of revenues.
Due to seasonal factors, Centaur earns the majority of its profits in the period
from February to June. Accordingly, the expected first-half profit performance
cannot be taken as an indicator of full year results. The Board remains
encouraged by the trading outlook for the year to June 2007.
Enquiries:
Centaur Media plc Geoff Wilmot (CEO) Tel: 020 7970 4000
Mike Lally (GFD)
Gavin Anderson & Company Richard Constant Tel: 020 7554 1400
Robert Speed
Janine Brewis
1. Centaur's product portfolio currently includes 10 weekly or fortnightly
magazines, 21 other magazines, over 20 online products or services, 25
awards or other sponsored events, 20 exhibitions and 80 conferences.
2. Centaur reports its results within 5 distinct business sector segments,
namely Marketing and Creative, Legal and Financial, Engineering and
Construction, Perfect Information and Other. The first 3 segments comprise
principally the following vertical business communities in which Centaur
publishes market-leading magazine titles: Marketing Services, Creative
Services, New Media, Retail Financial Products, Legal Services, Engineering,
Private Homebuilding. Centaur also enjoys strong positions in a number of
other specialist communities, namely HR, Construction, Antique Rugs and
Textiles, Logistics, Recruitment and Public/Private Finance. In addition, it
serves the Business Travel community with 3 leading trade shows in the UK
and overseas and an associated web service.
This information is provided by RNS
The company news service from the London Stock Exchange