Trading Statement

RNS Number : 4930E

Centaur Media PLC

09 May 2017

 

9 May 2017

Centaur Media plc

AGM and Q1 trading update

For the quarter ended 31^st March 2017

Centaur Media, the business to business information, insight and events group, will hold its AGM at 12.30pm today.

The Group traded in line with management expectations in the first three months of the new financial year. As expected, headwinds seen across the print and digital advertising markets during 2016 have continued. Cash flow continued to improve and the Group further reduced its net debt.

In the quarter, the Group made further progress towards becoming a pure B2B media company and in diversifying revenue streams away from traditional print advertising. Investment was targeted to strengthen Centaur's ability to monetise content, whilst the sale of the Group's B2C business, Home Interest, is progressing.

Centaur Media plc

Andria Vidler, Chief Executive                                                             020 7970 4000

Swag Mukerji, Chief Financial Officer 

Tulchan Communications

James Macey White                                                                           020 7353 4200

Will Smith

 

END

 

 

TSTLLFLVEDITIID