Centaur Media PLC Trading Update (8794Y)

TIDMCAU

RNS Number : 8794Y

Centaur Media PLC

19 January 2022

Centaur Media plc

Incorporated in England and Wales

Registration number: 04948078

LEI: 2138005WK87G7DQRQI62

ISIN: GB0034291418

19 January 2022

Centaur Media Plc

("Centaur" or the "Company")

Trading Update

Strong trading in Q4

Centaur, an international provider of business information, training and specialist consultancy, provides an update on trading for the financial year ended 31 December 2021. The Board is pleased to report that trading has remained strong in its Flagship 4 and Core Brands in the last quarter particularly in Econsultancy, MW Mini MBA, The Lawyer and Marketing Week. As a result, Centaur expects to report revenues of at least GBP38.5m for the year and a Group adjusted EBITDA(1) margin in excess of 15%, both ahead of consensus. Centaur ended the year with a cash balance of GBP13.1m as at 31 December 2021 (GBP8.3m as at 31 December 2020).

The Company will announce its 2021 results on 16 March 2022.

Swag Mukerji, Chief Executive Officer, commented:

"In 2021, we introduced our Margin Acceleration Plan, MAP23, to drive profitable revenue growth for the business. I am pleased with the progress our brands have made with this strategy over the past twelve months and both our Flagship 4 and Core Brands have seen strong trading performances. We remain on track to hit our MAP23 targets."

-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 2021.

Enquiries

 
 Centaur Media Plc                           020 7970 4000 
 Swag Mukerji, Chief Executive Officer 
 Simon Longfield, Chief Financial Officer 
 Teneo 
                                             07713 157561 / 07785 
 Zoë Watt / Matthew Thomlinson           528363

Note to editors

Centaur is an international provider of business information, training and specialist consultancy that inspires and enables people to excel at what they do, raising the standard for insight, interaction and impact. Leading brands include The Lawyer, Econsultancy, Influencer Intelligence, MW Mini MBA, Marketing Week, Festival of Marketing, Creative Review, Fashion & Beauty Monitor, Oystercatchers and Really B2B.

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January 19, 2022 02:00 ET (07:00 GMT)

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