Trinity Mirror PLC
13 December 2007
Thursday 13th December
TRINITY MIRROR PLC
PRE CLOSE TRADING UPDATE
52 weeks ending 30 December 2007
Trinity Mirror plc is today issuing a trading update ahead of its close period.
The company will announce its preliminary results for the 52 weeks ending 30
December 2007 on 28 February 2008.
The advertising environment in 2007 improved on previous years. However, month
on month volatility remains and we expect this to continue in 2008. The Board is
confident that our 2007 performance will be in line with expectations.
Group advertising revenues for the 5 months to November excluding the businesses
disposed of and including all acquisitions on a like for like basis increased by
2.1% year on year. This compares to a decline of 1.5% for the first half
resulting in an increase of 0.1% for the 11 months to November.
For our Regionals division advertising revenues for the 5 months to November
have increased by 0.6%. This compares to decline of 1.0% for the first half
resulting in a decline of 0.3% for the 11 months to November. By category the
performance for the 5 months to November was Display up 4.6%, Recruitment down
1.0%, Property up 2.8%, Motors down 13.8% and other classified categories were
up 1.3%.
For our Nationals division advertising revenues for the 5 months to November
increased by 5.6%. This compares to a fall of 2.3% for the first half resulting
in an increase of 1.0% for the 11 months to November.
Group circulation revenues for the 5 months to November have grown by 0.7% year
on year maintaining the 0.7% growth seen in the first half. Within this,
Nationals have grown by 0.9% and Regionals have grown by 0.2%. For the 11 months
to November group circulation revenues have grown by 0.7%.
Group digital revenues for the 5 months to November on an underlying basis, have
grown by 33.3% with an increase of 27.0% for the Regionals division and 98.5%
for the Nationals. For the 11 months to November group digital revenues have
grown by 28.7% with an increase of 24.6% for the first half.
We have applied for clearance from the Pensions Regulator for the return of
capital to shareholders and expect to conclude these discussions before the end
of the year.
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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