International event organiser and provider of business information and training, Centaur Media, 19 January, reported strong trading in an update for the financial year ended 31 December 2021.
The Board said trading was strong in its Flagship 4 and Core Brands in the last quarter, particularly in Econsultancy, MW Mini MBA, The Lawyer and Marketing Week. As a result, Centaur expects to report revenues of at least £38.5m ($52.47m) for the year and a Group adjusted EBITDA (adjusted operating profit before depreciation and amortisation) margin in excess of 15%, both ahead of consensus.
Centaur ended the year with a cash balance of £13.1m as at 31 December 2021 (£8.3m as at 31 December 2020). The copany’s shares rose on the London Stock Exchange on the news.
Centaur chief executive officer Swag Mukerji (pictured) commented: “In 2021, we introduced our Margin Acceleration Plan, MAP23, to drive profitable revenue growth for the business. I am pleased with the progress our brands have made with this strategy over the past 12 months and both our Flagship 4 and Core Brands have seen strong trading performances. We remain on track to hit our MAP23 targets.”
The company will announce its 2021 results on 16 March 2022.