Business information, events and marketing services group Centaur Media has released its latest interim management statement covering the period from 1 July 2012 to 31 October 2012. It reports a 14 per cent increase in revenues across the group and a jump in the revenue share generated by events.
Underlying revenues across the group, however, declined by four per cent, according to the 14 November statement, reflecting the impact of stronger comparatives and continued market weakness affecting advertising revenues, principally across the financial and marketing sectors.
The group said it was building strong momentum in growing digital and events revenues, which accounted for 38 per cent and 30 per cent of total revenues in the period, up from 32 per cent and 22 per cent in the same period last year.
The group said it continues to generate good momentum in building a strong pipeline of new event launches and underlying revenues across the exhibitions division grew strongly in the period.
Geoff Wilmot, Chief Executive, said: “We have seen a significant improvement in our revenue profile and cost base at the start of the 2013 financial year, and the business has demonstrated strong momentum in growing its revenues from digital and events. Whilst trading conditions remain challenging in some markets, we are well placed to deliver further growth in 2013 and continue to make good progress towards our medium-term targets. We anticipate trading to be in line with our expectations for the current financial year.”
Do you have news for CN? Email: pcolston@mashmedia.net
