Trinity Mirror PLC
14 December 2006
Trinity Mirror plc
Pre-Close Trading Update
Advertising revenues
Group advertising revenues for the 5 months to November 2006 excluding
acquisitions and disposals completed in 2005 and 2006 fell by 8.4% year-on-year.
Group advertising revenues for the 11 months to November 2006 fell by 9.6%.
Advertising revenues for the Regionals division, excluding acquisitions, fell by
8.6% year-on-year for the five months to November 2006. For the 11 months to
November 2006 advertising revenues fell by 9.2%. For the 5 months to November
2006, all advertising categories fell with Display falling by 5.6%, Recruitment
falling by 13.0%, Property falling by 0.6% Motors falling by 10.7% and other
categories falling by 12.5%.
Advertising revenues for the Nationals division fell by 8.8% for the five months
to November 2006, with a 10.3% decline in the UK Nationals and a 5.0% decline in
the Scottish National titles. For the 11 months to November 2006, advertising
revenues for the Nationals division have declined by 10.7%.
Advertising revenues for the Sports division increased by 3.1% year on year for
the 5 months to November 2006, and have declined by 8.4% for the 11 months to
November 2006.
Circulation revenues
Group circulation revenue fell by 0.5% during the five months to November 2006.
Group circulation revenues for the 11 months to November 2006 fell by 0.8%.
Circulation revenue growth for the five months to November 2006 of 1.1% for the
Regional newspaper titles and 0.1% for UK Nationals has been offset by declines
of 3.7% for the Scottish Nationals and 3.2% for the Sports division.
Acquisitions
The acquisitions completed during 2005 and 2006 are performing in line with our
expectations with advertising revenues on a pro-forma basis increasing by 17.3%
year on year for the 5 months to November 2006 and by 12.5% year on year for the
11 months to November 2006.
Outlook
Although conditions for our industry remain challenging, our performance in the
year to date has been consistent with our forecasts; we are confident that the
Group will achieve performance in line with current market expectations for the
year as a whole.
We expect to see advertising market conditions stabilise in 2007 with the rate
of decline slowing.
Enquiries:
Trinity Mirror
Vijay Vaghela, Group Finance Director 020 7293 3000
Nick Fullagar, Director, Corporate Communications 020 7293 3622
Maitland
Neil Bennett 020 7379 5151
Emma Burdett
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The company news service from the London Stock Exchange
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