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




Richard Mann, market development director at the NEC asks who owns...

EN’s Annie Byrne meets River Street Events’ MD Laura Biggs who...

ASP trio Jon Benjamin, Arran Coole & Jon Small talk tech innovation,...

Exhibition News March 2015
March 2015

Centaur highlights exhibition revenue in latest financials
posted on: 18/5/2012 08:37:00
centaur interim management

Stronger exhibition sales over the past year has led Centaur to report a six per cent rise in the division’s underlying revenue for the 10 months to 30 April 2012.
 
According to its latest interim management statement, exhibitions booked in for the last two months of the financial year including Marketing Week Live, have also seen a 20 per cent rise in forward bookings compared with the same time last year.
 
In addition, the group claimed forward bookings for events in the next financial year are 32 per cent ahead year-on-year, with a strong pipeline of new event launches in place. Among these are the new Meetings Show UK, which debuts at Olympia next July.
 
Overall, Centaur reported a three per cent dip in print revenues and a nine per cent increase in digital, which now represents 31 per cent of the group’s total revenues. Operating cash flow in the 10 months to 30 April 2012 was £1m ahead year-on-year, while deferred revenues were 12 per cent above the same period last year.
 
“As anticipated, we have seen some weakness in print revenues but this has been offset by good growth across our digital and events revenues,” chief executive Geoff Wilmot said. “Furthermore, our continued programme of improving our operational efficiencies has enabled us to grow our underlying margins.”
 
Centaur has flagged acquisitions, earn-out payments and £1.5m in restructuring charges will impact net debt, but said initiatives undertaken since 1 January are expected to deliver more than £2m of annualised cost savings.
 
“Despite the continuation of challenging trading conditions, the group expects to report results in line with its expectations for the current financial year,” Wilmot added.
 
Centaur reported a 16 per cent increase in underlying revenue rise across its exhibitions portfolio to £6m for the six months to 31 December 2011.
 
 
Got a story for Exhibition News? Email us: exhibitionnews@mashmedia.net


Print:
Email:
Share article:

COMMENTS
Would you like to Leave a Comment?

LATEST NEWS
LiftEx and Ultimate Christmas Fair choose ECL
posted on: 27/3/2015 15:24:03
ACC Liverpool has confirmed three more bookings for its new exhibition centre, six months ahead of its September opening.

The Association of Event Organisers (AEO), Association of Event Venues (AEV) and the Event Supplier and Services Association (ESSA) have joined together to launch a three-year research study into the UK exhibitions and live events sector.

Organiser UBM has announced the formation of a new product group, UBM Life Sciences, which will operate within the UBM Americas division.

AEO extends N200 partnership in 2015
posted on: 26/3/2015 10:28:31
The Association of Event Organisers (AEO) has renewed its partnership for 2015 with event registration, ticketing and data intelligence business, N200, a GES Global Company.

North London venue Alexandra Palace has been awarded £18.8m funding from the Heritage Lottery Fund (HLF), towards a major regeneration project.