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Trinity Mirror sees FY performance in line with views

05 May 2016 07:34

Trinity Mirror said, at this stage, its directors anticipate the company's performance for the year will be in line with market expectations.

"The trading environment for print advertising continues to be volatile. We continue to focus on the delivery of our strategy, namely growing our digital audience and revenue, coupled with tight management of the cost base," Trinity Mirror said in a statement.

Group revenue fell on a like-for-like basis over the period by 8.6% with a 9.3% decline in Q1 and an improved rate of decline of 6.4% in April.

Within this, Publishing revenue fell by 8.5%, with print declining by 10.9% (11.6% decline in the first quarter and a reduced 8.5% decline in April) and digital growing by 15.7% (14.8% growth in the first quarter and an increased rate of growth of 18.6% in April).

Publishing print advertising revenues fell by 19.0% and circulation revenues fell by 4.5%. In April, print advertising revenues fell by 15.8% and circulation revenue fell by 3.7%.

"We continue to see strong growth in digital audience with average monthly page views, excluding galleries, across the publishing sites growing by 22% to 755 million on a like for like basis," the company said.

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Related Company: TNI

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