13th Oct 2021 18:07
Centaur Media PLC - London-based business information, events and marketing provider - Says it continues to experience strong trading conditions enabling it to grow revenue and adjusted earnings before interest, tax, depreciation and amortisation. For financial year to September 30, Centaur expects revenue over GBP37 million, up 15% last year and at the top end of market expectations. Margins in the second half continue to improve, with adjusted EBITDA margin for financial 2021 expected to be 15%. Xeim, its business unit serving the marketing sector, is expected to report a year-on-year underlying revenue increase of at least 17% with its Lawyer brand 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 the margin acceleration plan, it adds.
Current stock price: 54.25 pence
Year-to-date change: up 81%
By Arvind Bhunjun; [email protected]
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