Centaur's issues upbeat trading statement

Centaur mediaIn an interim RNS about trading in the last 4 months, Centaur reported that underlying revenues increased by 6% in the period, a significant improvement relative to the negative trends reported over the last 18 months. The aggregate rate of growth across paid-for content and live events revenues is now outstripping declines in advertising revenues.

Paid-for content revenues grew by 20%, with the rate of growth continuing to accelerate. Live events revenues returned to growth whilst advertising revenues fell by 7% in the period compared to an 11% decline in the first six months of 2014.

Underlying deferred revenues at 31 October 2014 were £15m, 17% ahead of the same period last year. Forward bookings across the exhibitions portfolio are 6% ahead of the same point last year, and annualised contract values in respect of the group’s digital subscription revenues grew by 32%.

For the full RNS click Centaur