Centaur Media plc, an international provider of business information, learning and specialist consultancy, has presented its preliminary results for the year ended 31 December 2024.
Martin Rowland, executive chair, commented: "2024 was a difficult year for Centaur, due to the challenging macro-economic environment that faced some of our customers, driving caution and impacting marketing budgets. Despite these challenges, The Lawyer and MiniMBA delivered healthy growth, providing a strong platform for further value creation through 2025.
"Looking ahead, we have started the year conducting a review of Centaur's business units and brands. We are focused on defining our future strategy and enhancing the reputation of the brands within Centaur to maximise shareholder value while remaining our customers' partner of choice for business intelligence and learning in the marketing and legal sectors."
Financial highlights
- Revenue from continuing operations declined by 6% year-on-year
- Adjusted EBITDA decreased by 39% from £9.7m to £5.9m in 2024, ahead of consensus
- Adjusted EBITDA margin reduced to 17% in 2024 from 26% in 2023
- Group statutory loss after taxation includes a £12.0m goodwill impairment
- Net cash of £8.9m, after paying ordinary dividends during the year of £2.6m
- Final ordinary dividend of 1.2p per share giving total ordinary dividends of 1.8p per share for the year (2023: 1.8p per share)
To read the full report click here.
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