Trinity Mirror PLC
28 June 2007
TRINITY MIRROR PLC
PRE CLOSE TRADING UPDATE
26 week period ending 1st July 2007
Trinity Mirror plc is today issuing a trading update ahead of its close period.
The company will announce its interim results on 2nd August 2007.
Whilst the advertising environment remains volatile from month to month we
continue to see improved stability in our advertising markets as the rate of
decline slows. The Board continues to have confidence that our 2007 performance
will be in line with expectations.
Group advertising revenues for the 26 week period are expected to fall by 1.5%.
For our Regionals division advertising revenues are expected to fall by 1.6%. By
category the expected fall in display is 0.6%, recruitment is 1.6%, motors is
10.1% and other categories is 3.9%. Property is expected to increase by 3.9%.
Advertising revenues for our Nationals division are expected to fall by 2.4%.The
Scottish Nationals are expected to achieve advertising revenue growth of 2.3%
with the UK Nationals advertising revenues expected to fall by 4.1%.
Advertising revenues for the Sports division are expected to increase by 12.4%
reflecting the impact of weaker comparatives.
Group circulation revenues for the 26 week period are expected to increase by
0.7%. Expected circulation revenue increases for the Scottish Nationals of 4.7%,
for the Sports division of 0.7% and for the Regionals of 0.6% have been
partially offset by expected declines of 0.3% for the UK Nationals.
Digital revenues for our Regionals division, including organic and acquired
businesses are expected to achieve strong underlying growth of 25.2%. Our
Nationals division is also expected to achieve strong growth of 16.2% for the
period.
We continue to make progress on the disposal of the Sports division and our
Regional businesses in the Midlands, London and the South East. The first of
these disposals is likely to be announced in the coming weeks, with the process
completed in the third quarter.
Enquiries
Trinity Mirror plc
Vijay Vaghela, Group Finance Director 020 7293 3000
Nick Fullagar, Director Corporate Communications 020 7293 3622
Maitland
Neil Bennett 020 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
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