Sign in or Register
 
 
BBrown
Register today to receive each issue absolutely FREE!
Exhibition News Awards




EN looks back over 150 years of Perton Signs and the company’s...

UK organisers are renowned for launching successful exhibitions and...

The Commonwealth Games and Ryder Cup will be heading to Scotland’s...

Exhibition News April 2014
April 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
The Edinburgh International Conference Centre (EICC) is set to host a briefing and networking event for members of the Scottish Events and Festivals Association (SEFA) on 8 May 2014.

EVCOM partners with The Meetings Show
posted on: 23/4/2014 09:54:59
The Meetings Show has partnered with new industry association EVCOM to raise the event’s profile and benefit members and attendees.

VOS Media, part of Telegraph Media Group (TMG) has appointed Steve Clark as group show director across The London Bike Show, The Telegraph Outdoor Adventure & Travel Show and the Triathlon Plus Show.

London considering World Expo 2025 bid
posted on: 22/4/2014 12:18:03
London mayor Boris Johnson has given his backing to the capital hosting the World Expo in 2025.

CPhI Worldwide, part of UBM Live has appointed Rutger Oudejans to the role of brand director of the UBM Pharma Portfolio.