Sign in or Register
 
 
Exhibition News Race Day
Register today to receive each issue absolutely FREE!




Haymarket Exhibitions stands at a crossroads. EN catches up with its...

EN Race Day debate to tackle free content...

Garry Tyson scooped the gong for Best Organiser Salesperson at this...

Exhibition News October 2014
October 2014

Centaur reports 6 per cent exhibition revenue growth
posted on: 15/9/2011 09:17:05
centaur full year resice

Centaur’s exhibition and events division reported a six per cent revenue increase to £15.7m in the year to 30 June 2011.
 
The division, which represented one-quarter of the organiser and publishing company’s top-line result, also reported adjusted pre-tax earnings of £2.3m. A key exhibition performer was Marketing Week Live, which saw a 24 per cent revenue rise and 31 per cent visitor increase compared with 2010.
 
Other division highlights included Centaur’s home interest exhibitions and Employee Benefits live. Event revenues meanwhile delivered 11 per cent growth driven by B2B events. Despite this, a £7.5m impairment charge left the division with a net loss of £6.4m.
 
Overall, Centaur Media confirmed a 14 per cent group revenue increase to £68.3m for the year to 30 June. The company’s pre-tax earnings also rose by 50 per cent year-on-year to £9.9m, while adjusted profit before tax increased by 63 per cent.
 
Centaur was restructured in June and divided into three core divisions: Business publishing, business information and exhibitions. The restructure saw the departure of long-serving exhibitions chief Calum Taylor, who has since been replaced as by ex-Brand Events MD Andrew Evans.
 
According to the group’s financial result, the restructuring programme impacted this year’s net result and adding a one-off £2.9m charge to its balance sheet. Centaur reported a pre-tax loss of £30.3m including a non-cash impairment charge of £32.2m.
 
"This is an encouraging set of results with adjusted profits, earnings and cash generation all significantly improved,” Centaur CEO Geoff Wilmot said. "We have restructured our business into three distinct operating units. We have made a number of senior management appointments. We have made small but important bolt-on acquisitions as well as disposals, as we optimise our portfolio.
 
“Centaur has acquired momentum and is well placed as a preferred provider of business information and services to our professional and commercial markets of choice.”
 
Got a news story for EN? Email us: exhibitionnews@mashmedia.net


Print:
Email:
Share article:

COMMENTS
Would you like to Leave a Comment?

LATEST NEWS
First National Pet Show looks to breed success
posted on: 1/10/2014 15:52:08
Brand Events’ National Pet Show has revealed plans to expand for 2015 after its inaugural edition at the NEC, on 20-21 September.

Organiser i2i has said The Energy Event has more than 60 per cent of exhibition space already rebooked following an expected best-ever attendance.

National Events Month, part of the annual Britain for Events campaign, launches this week to promote the best of British events.

ITE Group has today announced ‘better than expected’ headline profits for the year ending 30 September 2014.

UBM has moved a step closer towards the acquisition of US organiser Advanstar. The American firm, valued at US$972 million (£599 million) specialises in fashion, licensing, life sciences and powersports events.