According to Centaur Media:
Current trading and outlook
The group expects to report profits in line with market expectations, with underlying revenues increasing by 3% and adjusted operating margins increasing to 14%. Underlying revenues in the second half of the year grew by 7%, with the aggregate rate of growth across paid-for content and live events revenues continuing to outstrip declines in advertising revenues. Net debt at 31 December 2014 was £14.7m, slightly better than market expectations.
The Board remains encouraged by the momentum across the business. Alongside a continuing re-balancing of earnings in favour of the second half of the year, the group expects to deliver growth in 2015 adjusted operating profits and adjusted EPS ahead of current market expectations. 2015 adjusted operating margins are expected to increase to approximately 15%.
Operating board appointment
Steve McLaughlin has been appointed as Group Commercial Director. Steve's previous roles include Chief Commercial Officer for the Telegraph Media Group.
Andria Vidler, Chief Executive, commented: "We are pleased to have delivered a strong performance in the second half of 2014, and are encouraged by the outlook for 2015.
"Having restructured the group, the business feels reinvigorated and positive about the year ahead. The consolidation of these changes alongside a sharper and more innovative focus on our markets will underpin further growth in both revenues and margins".
The group expects to release its results for the 18-month accounting period to 31 December 2014 on 11 March 2015.
