Sign in or Register
 
 
Register today to receive each issue absolutely FREE!


Sales Manager
London

Sponsorship Manager
London

Marketing Executive
South West, London

Sales Executive
London



Excel London’s board brings six decades of experience at the venue...

Tom McInerney, director of Etherlive gives EN his cyber security top...

EN discovers Millbrook is a diverse venue with added va-va-voom. ...

Exhibition News October 2014
October 2014

Centaur forecasts 14 per cent revenue rise
posted on: 14/7/2011 09:11:39
centaur pre trading result

Centaur is predicting a 14 per cent rise in total revenue for the year to 30 June 2011 after strong trading across its exhibition and digital divisions in the last two months.

In a pre-close trading statement, the exhibition organiser said it expects profits to surpass the board’s expectations by 14 per cent, while pre-tax earnings will increase by 14 per cent over the same period. Centaur claimed underlying revenues, excluding the impact of acquisitions and adjusting for the timescale of several exhibitions, are up 10 per cent.

Event revenues continue to show steady growth and are 20 per cent ahead of the second half of 2010, meaning underlying year-on-year revenue growth across the events portfolio is up 13 per cent. Centaur highlighted record visitor numbers and revenues at its Marketing Week Live as a major contributor.

“Forward bookings across the Group's exhibitions portfolio are showing strong growth compared to the same time last year,” the company stated.

Centaur said digital advertising revenues also showed stronger growth, with the second-half result up 21 per cent on last year. The company’s full-year results are expected on 15 September.

"The last quarter of the year, which is normally our strongest, finished at the top end of our expectations,” Centaur chief executive Geoff Wilmot said. “The improved trading conditions experienced in FY11 have continued into the current financial year.”

Last month, Centaur announced the departure of exhibition chief Calum Taylor as well as a restructure of the business into three operating divisions: Business publishing, business information and exhibitions.

"The recently announced restructuring and rationalisation, our portfolio of market-leading brands and our strengthened management team, will enable Centaur to benefit more rapidly from continuing recovery and from the recent investments in digital services,” Wilmot said. “This will provide a robust platform from which to deliver accelerated revenue growth and margin improvement in the medium-term.”

Got a story for EN? Email us: exhibitionnews@mashmedia.net


Print:
Email:
Share article:

COMMENTS
Would you like to Leave a Comment?

LATEST NEWS
Running the Pyongyang Marathon, or skiing on North Korea’s uncrowded mountain slopes will be on offer at a leading travel exhibition after Reed Exhibitions secured the notable exhibitor coup of the secretive global power.

Thorns Group to restructure executive team
posted on: 30/10/2014 14:55:51
Independent events supplier Thorns Group has announced it will restructure its executive team, to prepare for the next phase of growth of the company.

The International Convention Centre (ICC) Birmingham, is to host the Museums Association Annual Conference and Exhibition for the first time next year.

Police were called to the Fashion & Lifestyle Exhibition held at EventCity, after organisers were confronted by exhibitors disappointed with the show’s low turnout.

International Confex is to host an Association Events Forum in a bid to attract further international and UK associations to the 2015 event.