Centaur’s event revenue has risen by more than a quarter, the firm has revealed in a trading summary.
In an update for the year ended 30 June 2013, the firm reported that digital and events revenues now account for 34 per cent and 36 per cent respectively of group revenues, with both revenue types growing on a reported basis by approximately 27 per cent compared to last year.
Paid for content revenues account for 28 percent of group revenues compared with 24 percent a year ago, the company said.
Overall, the firm reported a 10 per cent increase in revenues from last year and an eight per cent rise in adjusted pre-tax profit.
In the exhibitions division, Marketing Week Live, Subcon and the two regional Homebuilding shows all ran in line with expectations.
The Meetings Show launched at Olympia this week, the Festival of Marketing runs for the first time in October, while a number of new digital products will be launched in the first half of the 2014 financial year.
“We are pleased to be able to report good growth in profitability and strong progress in developing attractive revenue streams in digital, paid for content and events,” said interim chief executive Mark Kerswell.
“With renewed vigour and enthusiasm across the group, improved stability, a sharper focus on our markets and customers and an encouraging pipeline of new digital platforms and event launches, we are increasingly confident that the outlook for 2014 is positive.”
The group will report its full results for the year ended 30 June 2013 in September.
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