Centaur Media plc, an international provider of business information, training and specialist consultancy, has presented its preliminary results for the year ended 31 December 2023.
Swag Mukerji, chief executive officer, commented: “This year’s performance is the culmination of our MAP23 strategy which achieved its three clear objectives: to implement a simple, efficient and scalable operating model, develop high quality, trusted products which are the leaders in their markets, and build the credibility of Centaur’s management team for delivering on its strategic and financial commitments. We have significantly grown our profitability and built a business with an impressive proportion of higher quality revenue, providing us with a scalable platform for long-term sustainable future growth.
“Looking ahead, we are determined to keep driving performance beyond MAP23 to become a customer-centric business intelligence and learning organisation with growth from organic revenue, new product development and selective bolt-on acquisitions. I firmly believe Centaur has the talent, strategy and financial discipline to achieve its ambitious objectives and look forward to updating the market on our next phase of growth at our upcoming Capital Markets Day.”
Financial highlights
Margin Acceleration Plan 2023 (MAP23) highlights since 2020, as reported by Centaur, are as follows:
- Revenue from continuing operations grew by 27%
- Higher quality revenue grew by 38% and now represents 80% of total revenue (2020: 67%)
- Adjusted1 EBITDA grew 155% from £3.8m to £9.7m
- Adjusted1 EBITDA margin more than doubled to 26%
- Total returns to shareholders as ordinary and special dividends of 8.9p per share (£12.8m)
To read the full report, click here.
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