Centaur Media Plc Delivers Strong 2024 Performance
Why we think this is good
Centaur Media Plc has delivered a strong trading performance in 2024, with revenue and adjusted EBITDA margin both exceeding market expectations. The company's core brands, The Lawyer and MW Mini MBA, have delivered solid growth, offsetting some headwinds in the marketing sector. The robust net cash position provides financial flexibility, and the new Executive Chair has initiated a strategic review to maximize shareholder value. While some challenges remain, the overall outlook is positive.
Key Points
- 2024 revenue expected to be c. £35m, ahead of consensus
- Adjusted EBITDA margin of approximately 16%, exceeding consensus
- Growth in revenue from The Lawyer (7%) and MW Mini MBA (5%)
- Robust net cash balance of £8.9m as at 31 December 2024
- Strategic review of business units and brands underway
Summary
Centaur Media Plc has provided a trading update for the full year ended 31 December 2024 (FY24), reporting performance ahead of market consensus. The Group expects to achieve revenue of c. £35m at an adjusted EBITDA margin of approximately 16%, exceeding the previous consensus of £34.0m revenue and 15% adjusted EBITDA margin.
This outcome was achieved despite headwinds in the marketing sector, with the Econsultancy and Oystercatchers brands, as well as Xeim's advertising revenue, impacted by macro-economic challenges. However, the company's performance was underpinned by 7% growth in revenue from The Lawyer and 5% growth from the MW Mini MBA.
Centaur maintains a robust net cash balance of £8.9m as at 31 December 2024, providing financial flexibility. The new Executive Chair has initiated a review of the company's business units and brands to enhance the reputation of each and maximize shareholder value.