30th Jun 2005 07:00
Trinity Mirror PLC30 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 3rdJuly 2005 - ahead of entering its close period. The company will announce itsinterim results on 28th July. Advertising Since our AGM statement on 5th May, the advertising market has remainedchallenging. Group advertising revenues for the 26 week period are expected tofall 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 andparticularly in property has been partially offset by declines in recruitmentand 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 tohold 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 expectedto increase marginally by 0.5%. Circulation Group circulation revenues for the 26 week period are expected to increase by3.1% year on year. All newspaper divisions are expected to achieve growth incirculation revenues with expected increases of 5.2% for Regional newspapers,1.9% for National newspapers and 9.6% for Sports newspapers. Magazines andExhibitions circulation revenues are expected to be 1.1% lower. Outlook In an uncertain economic climate the Board's strategy "Stabilise RevitaliseGrow" continues to drive improvements in performance. Whilst we anticipate theadvertising market will remain extremely challenging the Board expects asatisfactory outcome for the year. Enquiries: Trinity Mirror plc 020 7293 3000Vijay Vaghela, Group Finance DirectorNick Fullagar, Director of Corporate Communications Finsbury 020 7251 3801Rupert YoungerJames Leviton This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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