TIDMCAU
RNS Number : 8661O
Centaur Media PLC
13 October 2021
Centaur Media plc
Incorporated in England and Wales
Registration number: 04948078
LEI: 2138005WK87G7DQRQI62
ISIN: GB0034291418
13 October 2021
Centaur Media Plc
("Centaur" or the "Company")
Trading Update & Capital Markets Day
Centaur Media Plc, an international provider of business
information, training and specialist consultancy, is pleased to
announce an update on trading for the period ended 30 September
2021 and its outlook for the full year. The Company is also hosting
its 2021 Capital Markets Day today.
Trading Update
Since the publication of the Company's Interim Results on 21
July 2021, the Board is pleased to announce that Centaur has
continued to experience strong trading conditions enabling it to
grow its revenues and adjusted(1) EBITDA across both Xeim and The
Lawyer.
Centaur's Brands continue to perform in line with its Margin
Acceleration Plan (MAP23) objectives, notably:
-- Econsultancy is seeing subscriptions outperform management
expectations, mainly through a sustained level of new business
wins and demand for its blended learning proposition. Delivery
of its training offering is on track.
-- The Marketing Week Mini MBA had another period of high double-digit
growth driven by increased delegate numbers and price increases.
-- Influencer Intelligence is recovering as its new business
and renewal rates are starting to rise following the significant
impact of Covid on its smaller PR and fashion customers.
-- The Lawyer is ahead of target on corporate renewal rates,
while billings are on track for its new Signal product,
a subscription service offering in-depth strategic insight
and benchmarking of markets, clients and competitors. Recruitment
advertising has shown a strong recovery since 2020.
Next week, Centaur will be hosting the pinnacle in its events
calendar, the Festival of Marketing: The Year Ahead. The four-day
virtual event with live Q&As and video-on-demand will feature
over 80 speakers, including the senior marketing leaders of several
high profile brands such as Mastercard, Tesco, Coca-Cola, Diageo
and Virgin, who will be joined by leading marketing academics Byron
Sharp and Mark Ritson, as well as John Cleese, Eddie Izzard and
Richard Curtis. The Lawyer is also hosting a number of events in Q4
including next week's hybrid In-House Counsel as Business Partner
and next month's The Lawyer Awards.
Centaur's net cash balance stood at GBP12.4m as at 30 September
2021 (GBP11.9m as at 30 June 2021).
2021 Full Year Outlook
The Board expects full-year revenues to exceed GBP37m, a 15%
year-on-year increase and at the top end of market expectations.
Margins in H2 2021 continue to improve, with adjusted(1) EBITDA
margin for FY 2021 expected to be approximately 15%.
Xeim, our business unit serving the marketing sector, is
expected to report a year-on-year underlying revenue increase of at
least 17% with The Lawyer expecting to report an underlying revenue
increase of at least 7%.
The Board remains confident in the successful delivery of
Centaur's revenue and EBITDA margin objectives as set out under
MAP23.
Capital Markets Day
Centaur will today hold a Capital Markets Day for institutional
investors and analysts. The event will be hosted by Swag Mukerji,
CEO, and Simon Longfield, CFO, together with a number of the senior
management team from across the Company.
The Capital Markets Day will cover Centaur's strategic progress,
while providing further detail on its Flagship 4 and Core Brands
and outlining the role of these brands within the Company's MAP23
strategy.
The presentations will commence at 10:00 BST. A recording will
subsequently be made available on the Company's website.
No further trading information will be disclosed during the
event.
(1) Adjusted EBITDA is adjusted operating profit before
depreciation and amortisation on a post-IFRS 16 basis. Adjusted
results exclude adjusting items, such as exceptional items, 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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END
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