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Centaur Media PLC - Pre-Close Trading Statement
RNS Number : 9311Y
  Centaur Media PLC
  14 July 2008


14th July 2008


Centaur Media plc
('Centaur' or 'the Group')

PRE-CLOSE TRADING STATEMENT


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Centaur Media plc, the specialist business publishing and information company,
today issues a pre-close trading update for the year ended 30th June 2008, prior
to its preliminary results announcement, scheduled for 18th September 2008.

Overall trading performance review

Results for the year ended 30th June 2008 are anticipated to be in line with
market expectations, with the Group achieving further growth in adjusted PBT
(note i). This growth in profits has been driven by another year of double digit
growth in online
revenues, accompanied by the benefit of significant cost reductions implemented
during the course of the year. We also anticipate reporting further improvement
in EBITDA margins (note ii), in line with the Board's expectations.

Total revenues are expected to be in line with the prior year, reflecting more
challenging conditions in the last four months of the financial year.  In
particular, a reduction in print revenues was partly offset by continued strong
growth in online
advertising, where revenues increased by around 24% in the year.

The Group has continued to deliver a high level of cash generation converting
around 90% of ebitda into operating cash flow. Net cash balances at the end of
June were £7.7m.

Current trading and outlook

As reported in our Interim Management Statement on 14th May 2008, market
conditions have weakened during the course of 2008. The decline in our print
revenues that we reported for the four months to 30th April 2008 has continued,
with total print
revenues for the six months to 30th June 2008 falling by about 8% on the
equivalent prior year period. This decline has been led by a further contraction
of the mortgage sector and tough conditions in several of our other markets.

We anticipate that trading conditions will remain challenging during the
seasonally quieter first half of the new financial year leading to further
weakness in print revenues  However, revenues from events and online products
are expected to deliver
further growth.

We are responding to these challenging conditions by continuing to take action
to reduce our cost base and in addition we continue to identify new product
opportunities to further offset this period of cyclical weakness in our
established print
products, with the recent launch of a number of new online and event
initiatives.

The Group benefits from holding a portfolio of market-leading brands spread
across a number of different market verticals and we have achieved a general
strengthening of our relative market positions in recent months in a number of
these verticals As
a result we anticipate strong growth when markets start to recover. The Group
also benefits from continued positive cash flows and a strong balance sheet
which we expect will facilitate future growth plans.


Enquiries:

 Centaur Media plc         Geoff Wilmot  Tel: 020 7970 4000
                             Mike Lally

 Gavin Anderson & Company  Robert Speed  Tel: 020 7554 1400
                                 Janine
                                 Brewis


Notes
*     Adjusted PBT is Profit Before Tax, excluding the impact of amortisation of
intangibles and of exceptional items, including share-based payments.
*     Centaur's key internal measure of profit is earnings before interest, tax,
depreciation and amortisation and excluding exceptionals (EBITDA).
*     Centaur's product portfolio currently includes 9 weekly or fortnightly
magazines, 18 other magazines, over 20 online products or services, over 30
awards or other sponsored events, 20 exhibitions and 50 conferences.
*     Centaur reports its results within 5 distinct business sector segments,
namely Marketing and Creative, Legal and Financial, Engineering and
Construction, Perfect Information and General Business Services. The first 3
segments comprise
principally the following vertical business communities in which Centaur
publishes market-leading magazine titles: Marketing Services, Creative Services,
New Media, Retail Financial Products, Legal Services, Engineering, Private
Homebuilding. Centaur also
enjoys strong positions in a number of other specialist communities, namely HR,
Construction, Supply Chain and Logistics, Recruitment and Public/Private
Finance. In addition, it serves the Business Travel community with 4 leading
trade shows in the UK and
overseas and an associated web service.


This information is provided by RNS
The company news service from the London Stock Exchange

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