According to Centaur Media:
Financial highlights
* Underlying revenues increased 4% at £70.5m
* Quality of mix continuing to improve: digital revenues +20%
* Adjusted operating profits up 14% on an underlying basis at £10.5m
- Adjusted operating margins increase to 14.9% (2014: 14.0%)
* Final dividend of 1.5p (2014: 1.3p) in line with guidance
* Adjusted fully diluted EPS increases by 6% to 5.3p (2014: 5.0p)
* Non cash impairment charge of £11.9m (2014: £nil) resulting in reported loss before tax of £5.6m (2014: PBT £11.3m)
* Net debt at £17.9m (2014: £14.7m) with leverage (net debt/adjusted EBITDA) of 1.3 times
Outlook
* Encouraging start to 2016
* 5% revenue growth and modest improvement over 15% adjusted operating margin targeted for current year
* Leverage (net debt / adjusted EBITDA) targeted at less than 1 times by end 2016
- Cash conversion rates returning to +100% in 2016
Andria Vidler, CEO of Centaur Media commented: "I'm pleased with these results. They show steady progress as we rebuild Centaur for growth. 2015 was the year of heavy lifting with investment in IT systems across the group, developing our in-house capability and creating a strong customer-centric model. 2016 will see the completion of this work, allowing Centaur to accelerate towards our medium term target of a 20% adjusted operating margin."
