Trinity Mirror PLC
15 November 2007
Thursday 15th November 2007
TRINITY MIRROR PLC
PRESENTATION TO MORGAN STANLEY TMT CONFERENCE
AND TRADING UPDATE
Vijay Vaghela, Group Finance Director of Trinity Mirror plc, will be presenting
at the Morgan Stanley TMT Conference in Barcelona today. His presentation will
focus on the business and strategy of Trinity Mirror and will include the
following update on current trading:
'As we indicated at the Group's interim results we have experienced a gradual
improvement in advertising market conditions during 2007 and are pleased to
announce that for the 10 months to the end of October underlying Group
advertising revenues have grown marginally year on year. Whilst the advertising
environment remains volatile month on month we are encouraged by the trends that
are emerging. The Board is confident that our 2007 performance will be in line
with our expectations.
Group advertising revenues for the 10 months to the end of October excluding the
businesses disposed of and including all acquisitions on a like for like basis
increased by 0.1%. This reflects a decline of 1.5% for the first half and an
increase of 2.7% for the 4 months to October.
For our Regionals division advertising revenues remained flat for the 10 months
to October which compares to a decline of 1.0% for the first half. For our
Nationals division advertising revenues increased by 0.9% for the 10 months to
October which compares to a decline of 2.3% for the first half.
Group circulation revenues excluding the disposed businesses for the 10 months
to October increased by 0.8%. Circulation revenues increased by 0.6% for the
Regionals and 0.9% for the Nationals.
The development of our strategic goal, to build a growing multi-platform media
business, is progressing via the launch of new products and services,
acquisitions and the implementation of improved technology platforms.
The amount, mechanism and timing of a return of surplus capital to shareholders
are expected to be announced in December.'
The company will next update the market in its pre close trading update
statement on 13 December 2007.
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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