Scottish Radio Holdings (SRH) has said that like-for-like group revenues are estimated to have increased by 5% in the past year and the company anticipates further growth in coming periods.
In a trading statement today, SRH claimed that radio revenues for the twelve months to September 30 are expected to be 6% higher than last last year with revenues in the press division up 4%.
Total group revenues, excluding acquisitions and disposals, are estimated to be 18% ahead of last year.
Radio
The growth in radio broadcast revenues has been fuelled by a 10% increase in national advertising. Local advertising is up 3% and there has been a 7% rise in sponsorship and promotions income.
When acquisitions are taken into account, radio revenues are estimated to be 21% higher than for the twelve months to September 2002.
Score Press
SRH’s newspaper publishing division is expected to see a 5% increase in advertising revenues and circulation revenues should be up 2% on the previous year.
Total revenues at Score Press, including acquisitions, are estimated to be 14% ahead of last year.
Outlook
The growth in national radio advertising and the recent acquisition of Vibe Radio Services have strengthened SRH’s market presence and it is performing consistently well compared to Capital and GWR.
According to the statement, the Board “continues to view prospects with confidence” and believes that most factors are in place to support ongoing growth, organically and by acquisition, across the business.
Subscribers to MediaTel Insight can access more national and international media analysis, forecasts and news by visiting the site.
