Centaur Media reports fall in group revenues

Centaur Media. owner of Marketing Week and New Media Age has reported a 16% year on year fall in group revenues for the four months to October 31.

In a trading statement released today, Centaur warned of an “uncertain” outlook for the year ahead, adding that the “visibility of future market conditions is poor”.

However, the company said: “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.

Centaur Media: www.centaur.co.uk