Centaur Media, a UK-based media company, has announced that it expects lower revenue for the full-year 2023, citing a challenging environment. However, despite this, the company has seen a rise in its adjusted Ebidta margin.
Adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) is one of Centaur Media's preferred metrics as it strips out exceptional and other one-off items. The company expects its margin growth to exceed 25% for the full-year ended December 31, surpassing the board's expectations set three years ago as part of its margin acceleration plan for 2023.
However, the group's revenue is predicted to be lower than that of full-year 2022, amounting to GBP38.4 million on a continuing basis. This is primarily due to a decline in non-strategic marketing solutions and recruitment revenue.
"We have made financial and operational improvements to enhance the efficiency of our business, and I am delighted that we have surpassed the profit margin target set over three years ago," stated Swag Mukerji, Chief Executive Officer of Centaur Media.
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