Trinity Mirror PLC
05 May 2005
TRINITY MIRROR plc
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:
Group advertising revenue for the first four months increased by 2.3%. This
represents an increase of 6.5% for January and February, partially offset by a
decline of 1.4% for March and April. For our Regionals division advertising
revenues increased by 4.0% with growth in most categories being offset by a 2.7%
decline in recruitment advertising and a 0.8% fall in Motors. The Nationals
division advertising revenues fell by 2.4% with a 3.9% decline for the UK
Nationals partially offset by an increase of 2.0% for our Scottish Nationals. In
a difficult marketplace our National titles continue to maintain advertising
volume market share.
Group circulation revenues for the first four months increased by 3.1%.
Circulation revenues for our Regional titles and National titles increased by
4.8% and 1.6% respectively.
At the Group's preliminary results announcement on 3 March 2005, we indicated
that revenue growth for 2005 is expected to be lower than 2004 due to the impact
of tougher comparatives for 2005. Whilst trading was ahead of expectations for
the first two months the advertising market softened during March and April. It
is too early to determine the implications of recent trends in advertising
revenues partly due to the timing of Easter relative to 2004 and uncertainties
created by the General Election.
The Board continues to have confidence in its performance-based strategy and
anticipates a satisfactory outcome for the year.
Enquiries:
Trinity Mirror plc
Vijay Vaghela 020 7293 3622
Group Finance Director
Nick Fullagar
Director of Corporate Communications
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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