According to Centaur Media:
Operational and financial highlights
* Underlying growth in revenues and adjusted operating profits of 3% and 8% respectively
* Operating structure continues to deliver efficiency benefits with adjusted operating margin guidance for 2015 at 15%
* Continuing strong growth in digital paid-for content revenues, with underlying revenues +26%
* Advertising revenues stable with digital advertising at +18%
* Live events underlying revenues +2%
- Exhibitions portfolio performed well – revenues up by 5% and H2 forward bookings +29%
- Performance across smaller live events disappointing, with revenues 5% lower
* Financial Services revenues stable following 12% decline in the year ended 2014
* Interim dividend of 1.5p, in line with guidance
* New banking facilities in place on improved terms
Andria Vidler, Chief Executive, commented: “In the first six months of 2015, we have continued to build on the initiatives that we introduced through 2014. Momentum in digital paid-for content revenues remains strong, our exhibitions have performed well with encouraging forward bookings, and advertising revenues have stabilised. While it is still early in the booking cycle for live events running later this year, we are looking forward to the second half of 2015 with confidence.”
