Centaur bullish as its revenues leap 21 per cent

 
Steve Dinneen
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BUSINESS publisher Centaur Media said it expects full-year results to be at the top end of its expectations as advertising revenues grew significantly.

Second-half digital advertising revenue was 21 per cent higher than last year, while print advertising grew seven per cent.

Centaur, whose business magazines include Marketing Week and Money Marketing, said trading in the last two months of the year has been strong and underlying revenues are 10 per cent higher than last year.

Chief executive Geoff Wilmot said: “The improved trading conditions experienced in financial year 2011 have continued into the current financial year.”

The company added that it expects an exceptional cash charge of about £2.5m in the financial year ended 30 June, related to restructuring announced last month. Centaur also said it expects a significant non-cash impairment charge, but it will have no impact on its underlying performance.