5th May 2005 07:00
Trinity Mirror PLC05 May 2005 TRINITY MIRROR plc AGM Statement The following statement will be provided to shareholders by the Chairman ofTrinity Mirror plc, Sir Victor Blank, at today's Annual General Meeting: Group advertising revenue for the first four months increased by 2.3%. Thisrepresents an increase of 6.5% for January and February, partially offset by adecline of 1.4% for March and April. For our Regionals division advertisingrevenues increased by 4.0% with growth in most categories being offset by a 2.7%decline in recruitment advertising and a 0.8% fall in Motors. The Nationalsdivision advertising revenues fell by 2.4% with a 3.9% decline for the UKNationals partially offset by an increase of 2.0% for our Scottish Nationals. Ina difficult marketplace our National titles continue to maintain advertisingvolume market share. Group circulation revenues for the first four months increased by 3.1%.Circulation revenues for our Regional titles and National titles increased by4.8% and 1.6% respectively. At the Group's preliminary results announcement on 3 March 2005, we indicatedthat revenue growth for 2005 is expected to be lower than 2004 due to the impactof tougher comparatives for 2005. Whilst trading was ahead of expectations forthe first two months the advertising market softened during March and April. Itis too early to determine the implications of recent trends in advertisingrevenues partly due to the timing of Easter relative to 2004 and uncertaintiescreated by the General Election. The Board continues to have confidence in its performance-based strategy andanticipates a satisfactory outcome for the year. Enquiries: Trinity Mirror plc Vijay Vaghela 020 7293 3622Group Finance Director Nick FullagarDirector of Corporate Communications Finsbury James Leviton 020 7251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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