Trading Statement

Huveaux PLC 12 December 2006 12 DECEMBER 2006 HUVEAUX PLC PRE-CLOSE TRADING UPDATE IN RESPECT OF THE FINANCIAL YEAR 2006 Huveaux is pleased to provide the following pre-close trading update for the year ended 31 December 2006. Group revenues and profits have shown impressive growth compared to 2005, principally driven by acquisitions. The Board expects revenues of approximately £45 million for 2006 and the results as a whole to show a satisfactory out-turn for the year. In the Political Division, underlying organic sales growth for the year is likely to be approximately 5% which is an excellent performance in a post-election year. We are also encouraged by the Division's double-digit growth in the second half, largely achieved through a record number of successful new product launches. Within the Learning Division, Political Knowledge is achieving organic sales growth in excess of 20%, while Epic will see marginally lower sales than in 2005 as we have concentrated our efforts on higher margin contracts and products resulting in an improved operating profit. Epic also continues to benefit from a close working relationship with other parts of the Group which has resulted in significant contract wins that will benefit 2007. At Lonsdale and Letts, teachers have found the introduction of the new Science syllabus during the year complex and unsettling and consequently schools have delayed ordering these new titles. However, taken as a whole, we have seen a more positive performance than expected from Letts and Leckie & Leckie (acquired in September) and their successful integration with Lonsdale has been completed according to plan. Overall, the Learning Division is likely to deliver a satisfactory result for 2006. As predicted, sales in our Healthcare Division in France have remained flat in 2006, although the operating profit margin will increase from 9% to approximately 15%. The Division has delivered on its objective of significantly increasing profits whilst building market leadership in Continuing Medical Education publishing and this will create a strong platform for growth in 2007. The financial year 2006 will be Huveaux's fifth consecutive year of significant revenue, profits and dividend growth and will represent a further important step in building a strong corporate track record. The Board looks forward to a further year of sustained growth in 2007. The Company intends to announce its Preliminary Results for 2006 on 5 March 2007. For further information, please contact: Huveaux PLC John van Kuffeler Chairman 020 7245 0270 Finsbury James Leviton 020 7251 3801 Note to Editors: Huveaux was formed in 2001 with the objective of building a substantial, high-quality publishing and media group. The Group consists of three Divisions each of which has strong brands and market leading positions: Political Division comprises Dod's Parliamentary Companion, The House Magazine, Epolitix.com and numerous other political magazine titles, monitoring products and revenue-generating websites. It is the market leader in Political business-to-business publishing in the UK and the EU. Learning Division comprises Epic, the UK market leader in e-learning, The Training Journal magazine and the highly acclaimed Westminster Explained conferences and seminars business. It also comprises Lonsdale, Letts Educational and Leckie & Leckie, the leading providers of study aids and revision guides in England and Scotland. Healthcare Division, based in France, comprises Panorama du Medecin, a leading weekly magazine for French doctors, Le Concours Medical and La Revue du Praticien, both market-leading Continuing Medical Education magazines, Egora.fr, the leading medical information website, and a number of other magazines and a medical conference business. Huveaux has now completed 12 successful acquisitions over the past five years and employs more than 500 staff in London, Paris, Brussels, Edinburgh and four other UK regional offices. Further information about Huveaux can be found at www.huveauxplc.com The name Huveaux is a trademark of Huveaux PLC. All other trademarks mentioned herein are the property of Huveaux's respective subsidiary companies. All rights reserved. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Merit Group (MRIT)
UK 100

Latest directors dealings