15th Nov 2007 07:00
Trinity Mirror PLC15 November 2007 Thursday 15th November 2007 TRINITY MIRROR PLC PRESENTATION TO MORGAN STANLEY TMT CONFERENCE AND TRADING UPDATE Vijay Vaghela, Group Finance Director of Trinity Mirror plc, will be presentingat the Morgan Stanley TMT Conference in Barcelona today. His presentation willfocus on the business and strategy of Trinity Mirror and will include thefollowing update on current trading: "As we indicated at the Group's interim results we have experienced a gradualimprovement in advertising market conditions during 2007 and are pleased toannounce that for the 10 months to the end of October underlying Groupadvertising revenues have grown marginally year on year. Whilst the advertisingenvironment remains volatile month on month we are encouraged by the trends thatare emerging. The Board is confident that our 2007 performance will be in linewith our expectations. Group advertising revenues for the 10 months to the end of October excluding thebusinesses disposed of and including all acquisitions on a like for like basisincreased by 0.1%. This reflects a decline of 1.5% for the first half and anincrease of 2.7% for the 4 months to October. For our Regionals division advertising revenues remained flat for the 10 monthsto October which compares to a decline of 1.0% for the first half. For ourNationals division advertising revenues increased by 0.9% for the 10 months toOctober which compares to a decline of 2.3% for the first half. Group circulation revenues excluding the disposed businesses for the 10 monthsto October increased by 0.8%. Circulation revenues increased by 0.6% for theRegionals and 0.9% for the Nationals. The development of our strategic goal, to build a growing multi-platform mediabusiness, is progressing via the launch of new products and services,acquisitions and the implementation of improved technology platforms. The amount, mechanism and timing of a return of surplus capital to shareholdersare expected to be announced in December." The company will next update the market in its pre close trading updatestatement on 13 December 2007. Enquiries Trinity Mirror plcVijay Vaghela, Group Finance Director 020 7293 3000Nick Fullagar, Director Corporate Communications 020 7293 3622 MaitlandNeil Bennett 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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