10.06.2014 - Decreasing event revenues
Centaur Media plc, the business information, events and media group, has issued its interim management statement for the period from January 1, 2014, based on results for the four-month period, to April 30, 2014, and with further commentary on trading up to May 16, 2014. Current trading and outlook Group revenues of £24.4 m in the period were the same as in the first four months of 2013. Advertising and events revenues were impacted by weakness across the Group’s financial portfolio, its second largest industry sector, where revenues of £4.6 m in the period were 15% lower than in the same period last year. Event revenues fell by 14%, reflecting the impact of more stringent regulatory requirements that are affecting both audiences and sponsors. While exhibition revenues have yet to improve, The National Homebuilding & Renovating Show held at the NEC in March, delivered visitor numbers 28% up on the prior year. Centaur is confident that the new content and commercial structure that is now in place will enable faster growth across this portfolio. Cash flow and balance sheet operating cash flow in the four months to April 30, 2014, was in line with the same period last year. Net debt at April 30, 2014, was £26.5 m and is expected to decrease in the final two months of the six-month period. (ank)
Quelle: May 28, 2014 [m+a UFI Newsletter] May 28, 2014 [m+a UFI Newsletter]