Centaur Media (GB:CAU) has released an update.
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Centaur Media PLC, a business intelligence and consultancy provider, has announced challenging market conditions, particularly in the marketing sector, leading to decreased revenue and profit for the second half of 2024. The company is adjusting to a revised revenue expectation of at least £34 million with a 15% EBITDA margin, which is significantly below analyst predictions, and anticipates this will affect 2025 projections as well. Despite this, Centaur remains optimistic about its long-term value, supported by a strong balance sheet with £9.5m in net cash and a commitment to investing in strategic areas while upholding a progressive dividend policy.
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