P&L results were in line with N1Se expectations with net debt slightly high due to working capital timings. After a difficult end to 2015 the Group appears to have had an encouraging start (notably the large Travel show revenue was +30%). Bookings are up 6% YTD and the company is targeting at least 5% with a modest improvement in margin (2015: 14.9%). We forecast 4.5% with a 15.4% margin and maintain this. We expect consensus to edge down to this level. Improving the performance of Marketing is ....
17 Mar 2016
Prelims
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Prelims
Centaur Media plc (CAU:LON) | 39.5 0 0.0% | Mkt Cap: 58.0m
- Published:
17 Mar 2016 -
Author:
Johnathan Barrett -
Pages:
3
P&L results were in line with N1Se expectations with net debt slightly high due to working capital timings. After a difficult end to 2015 the Group appears to have had an encouraging start (notably the large Travel show revenue was +30%). Bookings are up 6% YTD and the company is targeting at least 5% with a modest improvement in margin (2015: 14.9%). We forecast 4.5% with a 15.4% margin and maintain this. We expect consensus to edge down to this level. Improving the performance of Marketing is ....