13th Dec 2007 07:00
Trinity Mirror PLC13 December 2007 Thursday 13th December TRINITY MIRROR PLC PRE CLOSE TRADING UPDATE 52 weeks ending 30 December 2007 Trinity Mirror plc is today issuing a trading update ahead of its close period.The company will announce its preliminary results for the 52 weeks ending 30December 2007 on 28 February 2008. The advertising environment in 2007 improved on previous years. However, monthon month volatility remains and we expect this to continue in 2008. The Board isconfident that our 2007 performance will be in line with expectations. Group advertising revenues for the 5 months to November excluding the businessesdisposed of and including all acquisitions on a like for like basis increased by2.1% year on year. This compares to a decline of 1.5% for the first halfresulting in an increase of 0.1% for the 11 months to November. For our Regionals division advertising revenues for the 5 months to Novemberhave increased by 0.6%. This compares to decline of 1.0% for the first halfresulting in a decline of 0.3% for the 11 months to November. By category theperformance for the 5 months to November was Display up 4.6%, Recruitment down1.0%, Property up 2.8%, Motors down 13.8% and other classified categories wereup 1.3%. For our Nationals division advertising revenues for the 5 months to Novemberincreased by 5.6%. This compares to a fall of 2.3% for the first half resultingin an increase of 1.0% for the 11 months to November. Group circulation revenues for the 5 months to November have grown by 0.7% yearon year maintaining the 0.7% growth seen in the first half. Within this,Nationals have grown by 0.9% and Regionals have grown by 0.2%. For the 11 monthsto November group circulation revenues have grown by 0.7%. Group digital revenues for the 5 months to November on an underlying basis, havegrown by 33.3% with an increase of 27.0% for the Regionals division and 98.5%for the Nationals. For the 11 months to November group digital revenues havegrown by 28.7% with an increase of 24.6% for the first half. We have applied for clearance from the Pensions Regulator for the return ofcapital to shareholders and expect to conclude these discussions before the endof the year. 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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