19th Jan 2015 08:22
LONDON (Alliance News) - Centaur Media PLC said Monday that it expects to beat current market expectations for growth in its adjusted operating profit and earnings per share in its current year, and sees results in line for its recently ended financial year.
Centaur expects its adjusted operating margins in its current financial year to increase to around 15%.
The media firm expects to post profits in line with market expectations for 2014, with revenues adjusted for the disposal of Perfect Information up 3% for the year.
Adjusted revenues for its second half of the year were up 7%, as growth in paid-for content and live events offset declines in advertising revenues. It had net debt of GBP14.7 million as at the end of 2014, which it said is slightly better than market expectations.
Centaur Media has appointed Steve McLaughlin as its group commercial director. McLaughlin has previously held the position of chief commercial officer at Telegraph Media Group.
"We are pleased to have delivered a strong performance in the second half of 2014, and are encouraged by the outlook for 2015. Having restructured the group, the business feels reinvigorated and positive about the year ahead," said Chief Executive Officer Andria Vidler in a statement. "The consolidation of these changes alongside a sharper and more innovative focus on our markets will underpin further growth in both revenues and margins."
Centaur Media expects to post its results for the eighteen months to end-December 2014 on March 11.
Shares in Centaur Media are trading up 4.0% at 65.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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