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




EN Race Day debate to tackle free content...

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

“North West must stand united”...

Exhibition News September 2014
September 2014

Restructured Centaur exhibitions continues on growth trajectory
posted on: 14/9/2012 11:27:07
centaur financial results

Strong growth and rebookings across core show brands has led Centaur’s exhibition division to report 10 per cent underlying revenue growth for its full-year results.
 
Exhibition revenues were up three per cent to £16.2m for the year to 30 June 2012, with adjusted EBITDA up 13 per cent to £2.6m. When adjusted to reflect the sale of the logistics and supply chain portfolio and the cancellation of the Business Travel Show events in Dusseldorf and Dubai, revenues increased 10 per cent, the company stated.
 
Business Travel Show Middle East was due to be held in Dubai in October 2011 but was postponed last July. The Dusseldorf edition was held last April and had been due to return to the city this month.
 
Core exhibitions chalked up underlying revenue growth of 16 per cent over the past 12 months, up one per cent year-on-year. Key contributors included Marketing Week Live, which featured two co-located new brands that contributed to 23 per cent growth across the portfolio in June 2012.
 
The Employee Benefits Live brand also delivered a 21 per cent increase in revenues and sold out venue capacity last September. In addition, forward bookings for 2013 exhibitions are 16 per cent ahead year-on-year and at 30 June 2012, the company stated.
 
The full-year results are the first to be released since Centaur restructured its operations into three divisions: Business Publishing, Exhibitions and Business Information. Across the group, revenues reached £65.6m for the full-year, with adjusted pre-tax earnings up 18 per cent to £11.7m. Pre-tax profits were up 23 per cent to £8m.
 
Over the past financial year, Centaur reported an 11 per cent drop in publishing revenues offset by an increase in digital revenues and investment into digital products. 
 
Centaur’s financial statement also focused on growth opportunities and synergies from a series of acquisitions in recent months, most recently digital marketing information provider Econsultancy in July. Other purchases include IPL, the Excite show, VBR and Profile.
 
“This has been a transformational year,” Centaur chief executive Geoff Wilmot said.
 
“Following last summer’s major restructuring, the principal focus of the management team has been to continue to re-engineer the business and to execute a series of targeted acquisitions designed to accelerate delivery of our strategic objectives.
 
“We have made excellent progress towards the achievement of our three-year targets and have also reported a strong set of results delivered in difficult economic circumstances. We are seeing good momentum as we head into the new financial year.”
 
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
AECC again secures gold green tourism award
posted on: 22/9/2014 16:53:03
Aberdeen Exhibition and Conference Centre (AECC) has retained Gold accreditation from the Green Tourism Programme following a recent audit.

lunch! to feature 300 exhibitors
posted on: 22/9/2014 16:17:10
Diversified’s lunch! show for the £14.9bn UK market is expecting 6,000 attendees and 300 exhibitors ahead of its opening at the Business Design Centre in London on 23 September.

Dallas to join EICC as new chief exec
posted on: 22/9/2014 16:09:03
Marshall Dallas has been appointed as the new chief executive of the Edinburgh International Conference Centre (EICC). He joins the company on 1 October succeeding Hans H Rissmann who has held the role for 21 years.

EPS 2015 “ahead of target”
posted on: 22/9/2014 11:37:41
With just five months to go until the doors open on the 2015 Event Production Show, organiser Mash Media has confirmed stand sales are going well.

AEV happy with progress
posted on: 19/9/2014 14:07:46
The Association of Event Venues (AEV) chairman Nigel Nathan (pictured) said 2014 was “a very strong 12 months” at its latest AGM.