Trinity Mirror PLC
30 June 2005
Thursday 30th June 2005
TRINITY MIRROR PLC
PRE CLOSE TRADING UPDATE
26 week period ending 3rd July 2005
Trinity Mirror plc is today issuing a trading update for the 26 weeks ending 3rd
July 2005 - ahead of entering its close period. The company will announce its
interim results on 28th July.
Advertising
Since our AGM statement on 5th May, the advertising market has remained
challenging. Group advertising revenues for the 26 week period are expected to
fall by 0.4% year on year.
The Regionals division is expected to achieve advertising revenue growth of 1.4%
year on year for the period. Growth in display, other classified categories and
particularly in property has been partially offset by declines in recruitment
and motors.
Advertising revenues for the Nationals division are expected to fall by 5.3%
year on year reflecting a 7.0% decline in the UK National titles and a 0.3%
decline in the Scottish National titles. The National newspapers continue to
hold volume market share of advertising.
The Sports division is expected to achieve advertising revenue growth of 14.5%
year on year and the Magazines and Exhibitions advertising revenues are expected
to increase marginally by 0.5%.
Circulation
Group circulation revenues for the 26 week period are expected to increase by
3.1% year on year. All newspaper divisions are expected to achieve growth in
circulation revenues with expected increases of 5.2% for Regional newspapers,
1.9% for National newspapers and 9.6% for Sports newspapers. Magazines and
Exhibitions circulation revenues are expected to be 1.1% lower.
Outlook
In an uncertain economic climate the Board's strategy 'Stabilise Revitalise
Grow' continues to drive improvements in performance. Whilst we anticipate the
advertising market will remain extremely challenging the Board expects a
satisfactory 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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