Centaur Media has reported a 16% year on year fall in group revenues for the four months to October 31.
Centaur, which owns titles such as
Marketing Week and
New Media Age, warned of an “uncertain” outlook for the year ahead, adding that the “visibility of future market conditions is poor”.
The company said in a trading update: “We are confident that, during this period of economic turbulence, the fundamental strengths of the group remain unchanged and should provide a measure of resilience during any prolonged period of economic downturn as well as ensuring a foundation for strong growth as our served markets recover.”
Centaur’s earnings before interest, tax, depreciation and amortisation margin fell in the four-month period because of a decline in revenues in its core high-margin magazines, coupled with typically lower margins on new products.
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