8th Dec 2005 07:01
Centaur Holdings PLC08 December 2005 Thursday 8th December 2005 Centaur Holdings plc Trading Update At Centaur's Annual General Meeting to be held today at 12.00pm, Chairman andChief Executive Graham Sherren will give shareholders the following update ontrading: "I am pleased to report that Centaur has continued to deliver healthy growth inthe new financial year. Total revenues in the 5 months to 30th November 2005were around 7% ahead of the same period last year, led by further advertisingrevenue growth. As a result, like-for-like profitability also improved stronglyin the period, in line with expectations. Last week we announced the £4m acquisition of The Recruiter magazine, websiteand awards portfolio, which will form the basis of another important businesscommunity for Centaur, and we are excited about the opportunities which itpresents. We have also made good progress in integrating Logistics Europe andSupply Chain Business (acquired in October 2005) with Logistics Manager(acquired February 2005). The Recruiter and Logistics Europe and Supply ChainBusiness acquisitions will be earnings enhancing in the current financial year. We continue to look for new development and investment opportunities to underpinour future growth objectives. During the period, we have successfully launchedtwo new monthly magazines, Hali Modern and Move or Improve, and organised a newevent, Mortgage Strategy Summit. These have in aggregate already made a modestprofit contribution, and are expected to be important additions to theportfolio. The first half of our financial year is traditionally seasonally weaker than thesecond half. We have had a satisfactory start and the outlook for the rest ofthe financial year remains promising, in line with our expectations." Enquiries: Centaur Holdings plc Graham Sherren Tel: 020 7970 4506 Geoff Wilmot Gavin Anderson & Company Richard Constant Tel: 020 7554 1400 Robert Speed Janine Brewis This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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