Centaur Holdings PLC
08 December 2005
Thursday 8th December 2005
Centaur Holdings plc
Trading Update
At Centaur's Annual General Meeting to be held today at 12.00pm, Chairman and
Chief Executive Graham Sherren will give shareholders the following update on
trading:
'I am pleased to report that Centaur has continued to deliver healthy growth in
the new financial year. Total revenues in the 5 months to 30th November 2005
were around 7% ahead of the same period last year, led by further advertising
revenue growth. As a result, like-for-like profitability also improved strongly
in the period, in line with expectations.
Last week we announced the £4m acquisition of The Recruiter magazine, website
and awards portfolio, which will form the basis of another important business
community for Centaur, and we are excited about the opportunities which it
presents. We have also made good progress in integrating Logistics Europe and
Supply Chain Business (acquired in October 2005) with Logistics Manager
(acquired February 2005). The Recruiter and Logistics Europe and Supply Chain
Business acquisitions will be earnings enhancing in the current financial year.
We continue to look for new development and investment opportunities to underpin
our future growth objectives. During the period, we have successfully launched
two new monthly magazines, Hali Modern and Move or Improve, and organised a new
event, Mortgage Strategy Summit. These have in aggregate already made a modest
profit contribution, and are expected to be important additions to the
portfolio.
The first half of our financial year is traditionally seasonally weaker than the
second half. We have had a satisfactory start and the outlook for the rest of
the financial year remains promising, in line with our expectations.'
Enquiries:
Centaur Holdings plc Graham Sherren Tel: 020 7970 4506
Geoff Wilmot
Gavin Anderson & Company Richard Constant Tel: 020 7554 1400
Robert Speed
Janine Brewis
This information is provided by RNS
The company news service from the London Stock Exchange
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