Trinity Mirror PLC
10 May 2007
Trinity Mirror plc
AGM Statement
10 May 2007
The following statement will be provided to shareholders by the Chairman of
Trinity Mirror plc, Sir Ian Gibson, at today's Annual General Meeting:
'As we indicated at the Group's preliminary results announcement on 1 March,
although the advertising environment remains challenging and volatile from month
to month, we continue to expect advertising market conditions to stabilise
during the year with the rate of decline slowing. The Board continues to have
confidence that our 2007 performance will be in line with expectations.
'Group advertising revenue for the first four months fell by 2.4%. Excluding the
acquired digital businesses, Group advertising revenues for the first four
months fell by 3.0%.
'For our Regionals division advertising revenues decreased by 2.3%. By category
display fell by 1.2%, recruitment fell by 3.0%, motors fell by 11.4%, property
increased by 4.1% and other categories fell by 4.3%. Excluding the acquired
digital businesses, the Regionals division advertising revenues for the first
four months fell by 3.3%.
'Advertising revenues for our Nationals division fell by 4.0%.The Scottish
Nationals achieved a strong advertising revenue performance with growth of 0.9%
with the UK Nationals advertising revenues falling by 5.8%.
'For the Sports division advertising revenues increased by 17.7% reflecting
significantly weaker comparatives partially due to a competitive launch which
has since ceased publication.
'Digital revenues for our Regionals division, including organic and acquired
businesses, achieved strong underlying growth of 24.8%. Our Nationals division
also achieved strong growth of 30.7% for the period.
'Group circulation revenues for the first four months fell by 0.5%. Circulation
revenues for our Scottish Nationals and our Sports division increased by 0.3%,
and for the Regionals and UK Nationals they fell by 0.8% and 0.7% respectively.
'We continue to make encouraging progress on the disposal of our Regional
businesses in the Midlands and London and the South East, and the Sports
division and expect to complete these transactions as planned during the second
and third quarters.'
Further enquiries:
Trinity Mirror plc
Vijay Vaghela 0207 293 3000
Group Finance Director
Nick Fullagar 0207 293 3622
Director of Corporate Communications
Maitland 0207 379 5151
Neil Bennett
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.