14th Dec 2006 07:02
Trinity Mirror PLC14 December 2006 Trinity Mirror plc Pre-Close Trading Update Advertising revenues Group advertising revenues for the 5 months to November 2006 excludingacquisitions and disposals completed in 2005 and 2006 fell by 8.4% year-on-year.Group advertising revenues for the 11 months to November 2006 fell by 9.6%.Advertising revenues for the Regionals division, excluding acquisitions, fell by8.6% year-on-year for the five months to November 2006. For the 11 months toNovember 2006 advertising revenues fell by 9.2%. For the 5 months to November2006, all advertising categories fell with Display falling by 5.6%, Recruitmentfalling by 13.0%, Property falling by 0.6% Motors falling by 10.7% and othercategories falling by 12.5%.Advertising revenues for the Nationals division fell by 8.8% for the five monthsto November 2006, with a 10.3% decline in the UK Nationals and a 5.0% decline inthe Scottish National titles. For the 11 months to November 2006, advertisingrevenues for the Nationals division have declined by 10.7%.Advertising revenues for the Sports division increased by 3.1% year on year forthe 5 months to November 2006, and have declined by 8.4% for the 11 months toNovember 2006. Circulation revenues Group circulation revenue fell by 0.5% during the five months to November 2006.Group circulation revenues for the 11 months to November 2006 fell by 0.8%.Circulation revenue growth for the five months to November 2006 of 1.1% for theRegional newspaper titles and 0.1% for UK Nationals has been offset by declinesof 3.7% for the Scottish Nationals and 3.2% for the Sports division. Acquisitions The acquisitions completed during 2005 and 2006 are performing in line with ourexpectations with advertising revenues on a pro-forma basis increasing by 17.3%year on year for the 5 months to November 2006 and by 12.5% year on year for the11 months to November 2006. Outlook Although conditions for our industry remain challenging, our performance in theyear to date has been consistent with our forecasts; we are confident that theGroup will achieve performance in line with current market expectations for theyear as a whole.We expect to see advertising market conditions stabilise in 2007 with the rateof decline slowing. Enquiries: Trinity MirrorVijay Vaghela, Group Finance Director 020 7293 3000Nick Fullagar, Director, Corporate Communications 020 7293 3622 MaitlandNeil Bennett 020 7379 5151Emma Burdett This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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