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




The launch of London Technology Week drew together a cast of...

Should you open your doors to all and sundry or handpick the brands...

When it comes to insurance, it’s easy to be wise after the event....

Exhibition News July 2014
July 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
UBM on track despite revenue dip
posted on: 1/8/2014 14:09:04
Global organiser UBM again attributed a drop in revenue to a “strong currency headwind” in its 2014 half-year results.

ACC Liverpool has achieved ISO 20121 certification, which recognises the sustainability of its events.

Genting still in line for NEC bid?
posted on: 31/7/2014 17:29:06
Genting, the company behind the casino development at The NEC, has refused to rule itself out of the bidding for the NEC Group.

The London Boat Show has harnessed young talent from Central Saint Martins, part of University of the Arts London (UAL) to add a modern design edge to next year’s event.

UBM secures Seatrade purchase
posted on: 31/7/2014 14:38:30
UBM has expanded its global portfolio of events serving the cruise and general maritime industries with the acquisition of organiser Seatrade Communications.