Trinity Mirror PLC
06 May 2004
6th May 2004
AGM Statement
The following statement will be provided to shareholders by the Chairman of
Trinity Mirror plc, Sir Victor Blank, at today's Annual General Meeting:
'At the Group's preliminary results announcement on 26th February 2004, we
stated that the improving trend in advertising seen in the final quarter of 2003
had continued into the first two months of 2004. We are pleased to report that
this improvement has continued to date.
'Group advertising revenue for the first four months, on a like for like basis
excluding the regional titles in Ireland which were disposed in January,
increased by 4.9% year on year with advertising revenues for our Regionals
division increasing by 5.8% and for our Nationals division by 2.7%. Advertising
conditions for our Regional titles in London and the South East have shown an
encouraging trend with year on year increases of 3.1% for the first four months
of the year.
'Group circulation revenues for the first four months, on a like for like basis
excluding the regional titles in Ireland which were disposed in January,
increased by 7.7% year on year with circulation revenues for our Regional titles
increasing by 3.7% and our National titles by 8.6%. These increased revenues
reflect the benefit of cover price increases and the cessation of the price
cutting strategy for the Daily Mirror on 31st March 2003 partially offset by
reduced circulation volumes.
'Our performance improving strategy is progressing well and is reflected in the
revenue improvements we have seen during the year so far. On 19th April we
further strengthened the senior management team with the appointment of Rupert
Middleton as Director of Manufacturing. We have continued to make progress on
our key Manufacturing and Supply Chain projects and we will be in a position to
provide you with a further update on these at our Interim results announcement
on 29th July.
'The directors are confident of another year of progress.'
Enquiries:
Trinity Mirror plc
Nick Fullagar
Director of Corporate Communications 020 7293 3000
Finsbury
James Leviton 020 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
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