Centaur Media Trading Update as it Hosts Capital Markets Day

Centaur Media released a business update on October 13 during its Capital Markets Day the company is hosting and said its brands have continued to operate in line with the 23 Margin Acceleration Plan (MAP23) targets. of the company – to achieve a Group EBITDA margin of 23% by 2023 and increase revenues to at least £ 45 million (US $ 61.26 million). The board now expects annual revenues for 2021 to exceed £ 37million, a 15% increase year-over-year and above market expectations.

Margins in H2 2021 also continue to improve, with an adjusted EBITDA margin for fiscal 2021 expected to be around 15%. Centaur’s net cash balance was £ 12.4 million as of September 30, 2021 (£ 11.9 million as of June 30, 2021).

The trading update is for the period ended September 30, 2021 and the company says that, since the release of its interim results on July 21, 2021, Centaur has continued to enjoy strong trading conditions.

Next week, Centaur will host the pinnacle of its calendar of events, the Festival of Marketing: The Year Ahead. The four-day virtual event with live Q&A and video on demand will feature more than 80 speakers, including key marketing executives from several top brands such as Mastercard, Tesco, Coca-Cola, Diageo and Virgin, who will be joined by leading marketing academics Byron Sharp and Mark Ritson, as well as John Cleese, Eddie Izzard and Richard Curtis. Avocado publication is also hosting a number of events in the fourth quarter, including next month’s The Lawyer Awards.

Centaur Capital Markets Day for Institutional Investors and Analysts will be an event hosted by Swag Mukerji (photo), CEO, and Simon Longfield, CFO, along with other members of the executive team.

The Capital Markets Day will cover Centaur’s strategic advancements, while providing more details on its 4 and major flagship brands and outlining the role of these brands in the company’s MAP23 strategy.

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