Sign in or Register | Newsletter

Register today to receive each issue absolutely FREE!

Events are increasingly using experiential aids to spice up seminar...

EN shines the spotlight on Kruger Cowne CEO Mark Cowne, the man...

Andrew Manby, director of the event solutions specialists talks to EN...

As Media 10 gears up for the launch of new hybrid event, UK...

Furniture is increasingly becoming an integral part of events, EN...

With Mash Media set to open a new event next year, EN catches up with...

Exhibition News October 2015
October 2015

Read it online
now for free!

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:

Share article:

Would you like to Leave a Comment?


The Event Production Awards (EPAs) will return for its fifth outing on 12 February 2016, organiser Mash Media has announced today (2 October).

Marylebone Cricket Club (MCC), owner of Lord’s Cricket Ground, has announced the appointment of five new members to its hospitality and events teams.

ITE Group has reported that the firm remains in a strong financial position, with Q4 performance in line with management expectations.

More than 1,600 visitors attended Scotland’s Trade Fair Autumn at the Scottish Exhibition and Conference Centre (SECC) last week, reported organiser Springboard Events.

The International Convention Centre (ICC) Birmingham has revealed it will be moving ahead with a three-year £10m refurbishment programme to “improve the customer experience and freshen up the venue”.