Centaur Media plc reported group interim management statement for the period from January 1, 2014, based on results for the four months to April 30, 2014. Group revenues in the period of £24.4 million were the same as the first four months of 2013. Excluding the financial portfolio, group revenues grew by 5%. There are some external and legacy issues in the Financial and HR portfolios which will adversely impact group profitability in the first half of 2014. These issues are specific and are being addressed. Operating cash flow in the four months to April 30, 2014 was in line with the same period last year. Net debt at April 30, 2014 was £26.5 million.

At this stage of the year the Board anticipates trading across Centaur for the full year of 2014 to remain broadly in line with its expectations. Net debt is expected to reduce in the final two months of the six month period.