Centaur, which last year saw shares lose a third of their value after reporting that advertising revenues tumbled 66%, said the modest recovery had spread across most of the group.
In a trading update, the group reported that it was well positioned to benefit as markets recover and that trading for the remainder of the year was expected to be in line with the board’s expectations.
In February, the group reported in the six months to the end of December, but remained positive about future trading.
In its update today (12 May), the group said ad revenue growth in the first four months of the year was led by a 20% rise in recruitment advertising. Online advertising rose by 11%, and this represented 27% of total ad revenue.
The publishing group said it maintained a strong balance sheet with "cash flows traditionally high at this time of year" and expected to report a net cash position on June 30.
The group's online data business, Perfect Information (PI), achieved subscription renewal rates of more than 90% since the start of the financial year.
The group, which also houses Marketing Week and The Lawyer, reported that revenues for its events portfolio were down year on year.
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