Centaur Media plc reported revenue results for the third quarter of 2016. Digital revenues across the Group showed steady growth of 10%, with digital premium content revenue growing strongly by 22%. Progress across the portfolios was encouraging with Legal up 20%, Marketing up 10% and Home Interest up 9%. Live events revenues were up 20% on an underlying basis. Within this, Exhibition revenues increased 19%, and revenue at the London Homebuilding Show also grew by 19% with visitor numbers up 10%. Advertising revenue was down 12%, continuing the second quarter trend, with print advertising being particularly challenging, down 21%. Digital advertising was more resilient, down 4%. Trade receivables at the end of the quarter were further reduced with year to date cash conversion running at 206%. The group's net debt at the end of third quarter was £13.6 million, before the cash consideration for the Oystercatchers acquisition.

For the year ending 31 December 2016, the group currently expects to deliver full year adjusted earnings in line with market expectations, digital premium content revenue continues to improve and advertising bookings remain depressed, particularly print advertising. Deferred revenues continue to grow and at this stage are 14% up year on year.