Trinity Mirror PLC
24 June 2004
Thursday 24th June
TRINITY MIRROR PLC
PRE CLOSE TRADING UPDATE
26 week period ending 27th June 2004
Trinity Mirror plc is today issuing a trading update ahead of meetings with
analysts. The company will announce its interim results on 29th July.
Advertising
Group advertising revenues for the 26 week period, on a like for like basis
excluding the regional titles in Ireland disposed in January 2004, are expected
to increase by 5.1% year on year.
The Regionals division is expected to achieve advertising revenue growth of 6.0%
year on year for the period. Advertising revenues for the Regional newspaper
titles (excluding Digital Media) are expected to increase by 5.5%. All
categories have shown good growth with particularly strong performance from
recruitment.
The Nationals division is expected to achieve advertising revenue growth of 2.7%
year on year reflecting a 2.6% increase in the UK National titles and a 3.0%
increase for the Scottish National titles.
The Sports division and the Magazines and Exhibitions division are expected to
achieve advertising revenue growth of 19.0% and 3.1% respectively.
Circulation
Group circulation revenues for the 26 week period, on a like for like basis
excluding the regional titles in Ireland disposed in January 2004, are expected
to increase by 6.2% year on year. All divisions are expected to achieve growth
in circulation revenues with expected increases of 3.9% for Regional newspapers,
6.6% for the National newspapers, 9.2% for Sports newspapers and 7.8% for
Magazines and exhibitions. Whilst circulation revenues have increased,
circulation volumes during May for the Daily Mirror have been disappointing.
The expected increases reflect the benefit of increased cover prices partially
offset by circulation declines.
The Board remains confident of the outcome for the year.
Enquiries:
Trinity Mirror plc 020 7293 3000
Vijay Vaghela, Group Finance Director
Nick Fullagar, Director of Corporate Communications
Finsbury 020 7251 3801
Rupert Younger
James Leviton
This information is provided by RNS
The company news service from the London Stock Exchange
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