26 week period ending 27th June 2004
Trinity Mirror plc is today issuing a trading update ahead of
meetings with analysts. The company will announce its interim results on 29th
July.
Advertising
Group advertising revenues for the 26 week period, on a like for
like basis excluding the regional titles in Ireland disposed in January 2004,
are expected to increase by 5.1% year on year.
The Regionals division is expected to achieve advertising
revenue growth of 6.0% year on year for the period. Advertising revenues for the
Regional newspaper titles (excluding Digital Media) are expected to increase by
5.5%. All categories have shown good growth with particularly strong performance
from recruitment.
The Nationals division is expected to achieve advertising
revenue growth of 2.7% year on year reflecting a 2.6% increase in the UK
National titles and a 3.0% increase for the Scottish National titles.
The Sports division and the Magazines and Exhibitions division
are expected to achieve advertising revenue growth of 19.0% and 3.1%
respectively.
Circulation
Group circulation revenues for the 26 week period, on a like for
like basis excluding the regional titles in Ireland disposed in January 2004,
are expected to increase by 6.2% year on year. All divisions are expected to
achieve growth in circulation revenues with expected increases of 3.9% for
Regional newspapers, 6.6% for the National newspapers, 9.2% for Sports
newspapers and 7.8% for Magazines and exhibitions. Whilst circulation revenues
have increased, circulation volumes during May for the Daily Mirror have been
disappointing.
The expected increases reflect the benefit of increased cover
prices partially offset by circulation declines.
The Board remains confident of the outcome for the year.
