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.
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.
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.