10th May 2007 07:02
Trinity Mirror PLC10 May 2007 Trinity Mirror plc AGM Statement 10 May 2007 The following statement will be provided to shareholders by the Chairman ofTrinity Mirror plc, Sir Ian Gibson, at today's Annual General Meeting: "As we indicated at the Group's preliminary results announcement on 1 March,although the advertising environment remains challenging and volatile from monthto month, we continue to expect advertising market conditions to stabiliseduring the year with the rate of decline slowing. The Board continues to haveconfidence that our 2007 performance will be in line with expectations. "Group advertising revenue for the first four months fell by 2.4%. Excluding theacquired digital businesses, Group advertising revenues for the first fourmonths fell by 3.0%. "For our Regionals division advertising revenues decreased by 2.3%. By categorydisplay fell by 1.2%, recruitment fell by 3.0%, motors fell by 11.4%, propertyincreased by 4.1% and other categories fell by 4.3%. Excluding the acquireddigital businesses, the Regionals division advertising revenues for the firstfour months fell by 3.3%. "Advertising revenues for our Nationals division fell by 4.0%.The ScottishNationals achieved a strong advertising revenue performance with growth of 0.9%with the UK Nationals advertising revenues falling by 5.8%. "For the Sports division advertising revenues increased by 17.7% reflectingsignificantly weaker comparatives partially due to a competitive launch whichhas since ceased publication. "Digital revenues for our Regionals division, including organic and acquiredbusinesses, achieved strong underlying growth of 24.8%. Our Nationals divisionalso achieved strong growth of 30.7% for the period. "Group circulation revenues for the first four months fell by 0.5%. Circulationrevenues for our Scottish Nationals and our Sports division increased by 0.3%,and for the Regionals and UK Nationals they fell by 0.8% and 0.7% respectively. "We continue to make encouraging progress on the disposal of our Regionalbusinesses in the Midlands and London and the South East, and the Sportsdivision and expect to complete these transactions as planned during the secondand third quarters." Further enquiries: Trinity Mirror plcVijay Vaghela 0207 293 3000Group Finance Director Nick Fullagar 0207 293 3622Director of Corporate Communications Maitland 0207 379 5151Neil Bennett This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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