Radio and magazine Group, Emap has announced a positive trading outlook for January and February 2005, despite an expected “weak” performance within its business-to-business (B2B) unit.
The company is confident of achieving its full year expectations, and will issue its pre-close trading update on 30 March of this year.
The trading statement, released ahead of an investor roadshow in New York and Boston this week, stated that UK Consumer Magazines were looking “good” in terms of both circulation and advertising revenue.
Emap’s B2B unit is “strong” in its Exhibitions sector, and “good” for its B2B Display segment. However, the Recruitment titles are reported to be performing weakly.
Radio airtime for the Group, is showing a “good” performance and television is also doing well, with Emap predicting a “strong” outcome for this month and next.
Overseas, the companies businesses has failed to display the same strength as the UK division, with the French newsstand market described as “weak”, and subscriptions and advertising in the country achieving a “stable” and “tough” performance.
Trading conditions in the US are “stable” for circulation, and “reasonable” in terms of advertising.
This trading statement is in line with an earlier one released by the company in November 2004 (see Emap ‘On Track’ To Deliver Revenue In Line With Expectations This Year), stating that the company was on track for the financial year, with total group profits for the first six months of 2004, enjoying a 7% increase.
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