Centaur Media trades in line in first quarter

Investors in business-to-business information, insight and events group Centaur Media were gathering for the company’s annual general meeting on Tuesday, with the board issuing a statement confirming it traded in line with management expectations in the first three months of the new financial year.

The London-listed firm said that as expected, headwinds seen across the print and digital advertising markets during 2016 continued, however, though cash flow continued to improve and the group further reduced its net debt.

“In the quarter, the group made further progress towards becoming a pure B2B media company and in diversifying revenue streams away from traditional print advertising,” Centaur’s board said in a statement.

“Investment was targeted to strengthen Centaur's ability to monetise content, whilst the sale of the Group's B2C business, Home Interest, is progressing.”