Centaur Media

Overview
Price performance
Financials
Research
Thematics

Centaur Media is an international provider of business intelligence and learning, focused on the marketing services (Xeim) and legal sectors (The Lawyer).

Centaur has highly regarded brands and a blue-chip customer base. Xeim provides business intelligence to senior leaders to help them navigate change and testing trading environments. Its target market is organisations with over £1bn of revenue. The Lawyer is a highly respected source of news, data and information for the commercial legal sector, with expertise built over the brand’s c 40-year history. It now combines online data and resources, newsletters and high-profile events.

Latest Insights

TMT |
Update

10.10.24

Centaur Media — Tough trading backdrop persists in H2

TMT |
Outlook

24.07.24

Centaur Media — BIG27 under way

TMT |
Update

13.03.24

Centaur Media — MAP23 plan delivers a higher-quality business

TMT |
Update

18.01.24

Centaur Media — Strong margin performance

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Sector

TMT

Equity Analyst

Fiona Orford-Williams

Director, TMT

Key Management

Colin Jones

Chairman
Simon Longfield

CFO
Swagatam Mukerji

CEO

Balance Sheet

Forecast net cash (£m)

8.7

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(19.7)	(23.4)	(37.2)
Relative	(18.5)	(24.9)	(43.3)
52 week high/low	53.0p/22.6p

Financials

Centaur’s management has reframed its outlook for the remainder of FY24 to reflect the continuing difficult trading environment for XEIM, where its clients (predominantly major global brand owners) are holding back their marketing budgets. This in turn reflects the cautious consumer spending environment, coupled with corporate restructurings and internal focus. Group revenues are now guided to at least £34m, with an adjusted EBITDA margin of c 15%. This is where we have set our revised forecasts, with a consequent impact on FY25 and FY26 projections, with stronger recovery and a clearer benefit from the BIG27 strategy on margin in the latter period.