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Trading statements

STV Group says Q1 trading in line with views

26 April 2016 07:44

STV Group said trading during Q1 was in line with expectations. In Q2, STV national revenues are expected to be flat whilst regional revenues are expected to be up 12%.

Overall for the first half of FY2016, total airtime revenues are expected to be up 2%, with national airtime revenues expected to be down 1% and regional airtime revenues continuing to perform strongly up 23%.

Digital revenues continue to perform strongly, up 25% in Q1 and Q2 and this rate is expected to be maintained in the year ahead.

STV Productions today announces a re-commission for Sky for a second series (eight episodes) of documentary series Prison: First & Last 24 Hours.

The productions business has had a good start to 2016 with revenues secured for delivery in 2016 above the level achieved for the whole of 2015. The business continues to have a strong pipeline of development activity for 2016.

Finally, progress has been made on the 2015 valuation of the defined benefit pension schemes and it is expected that this process will conclude by the end of Q2.

Story provided by StockMarketWire.com

Related Company: STVG

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