Centaur Media plc reported interim management statement for the four months to April 30, 2013. Reported Group revenues in the four months to 30 April 2013 are 8% ahead of the same period last year. Total underlying revenues in the same period were down by 2% compared to the 3% underlying decline in first half. On the same underlying basis, digital revenues grew by 4% compared to 1% in first half, events revenues grew by 7% compared to 12% in first half, and print revenues fell by 14%, in line with first half. Operating cash flow in the four months to 30 April 2013 was marginally lower than in the same period last year, reflecting higher levels of capital expenditure and working capital. Net debt at 30 April 2013 was £24.4 million and will reduce in the final two months of the year.

The board now expects to deliver modest profit growth for the current financial year to June 30, 2013, relative to the adjusted profit before tax of £8 million reported last year.  This is below market expectations.