Centaur Media issued a trading update, 13 October, on its Capital Markets Day the company is hosting and said its brands had continued to perform in line with the company’s Margin Acceleration Plan 23 (MAP23) objectives – to achieve a group EBITDA margins of 23% by 2023 and increase revenues to at least £45m (USD$61.26m). The Board now expects full-year revenues for 2021 to exceed £37m, a 15% year-on-year increase and at the top end of market expectations.
Margins in H2 2021 also continue to improve, with adjusted EBITDA margin for FY 2021 expected to be approximately 15%. Centaur’s net cash balance stood at £12.4m as at 30 September 2021 (£11.9m as at 30 June 2021).
The trading update is for the period ended 30 September 2021 and the company says that, since the publication of its Interim Results on 21 July 2021, Centaur has continued to experience strong trading conditions.
Next week, Centaur will be hosting the pinnacle in its events calendar, the Festival of Marketing: The Year Ahead. The four-day virtual event with live Q&As and video-on-demand will feature over 80 speakers, including the senior marketing leaders of several high profile brands such as Mastercard, Tesco, Coca-Cola, Diageo and Virgin, who will be joined by leading marketing academics Byron Sharp and Mark Ritson, as well as John Cleese, Eddie Izzard and Richard Curtis. The Lawyer publication is also hosting a number of events in Q4 including next month’s The Lawyer Awards.
Centaur‘s Capital Markets Day for institutional investors and analysts will be an event hosted by Swag Mukerji (pictured), CEO, and Simon Longfield, CFO, together with other members of the senior management team.
The Capital Markets Day will cover Centaur’s strategic progress, while providing further detail on its Flagship 4 and Core Brands and outlining the role of these brands within the Company’s MAP23 strategy.
