Emap has announced that it is trading in line with full-expectations, outperforming the market in the group’s consumer magazines and radio division, with its business to business division expected to deliver strong underlying growth.
The publishing body expects full-year revenues to rise by 8%, helped by a 5% increase in underlying revenues from UK consumer magazines advertising.
In a statement to the city, Emap, said: “Overall, the group has traded well in the second half of the 05/06 financial year despite tough conditions. We have outperformed the market in both our UK consumer magazines and radio divisions.
“Underlying growth has, however, been held back by the performance of our French consumer magazines business and the ongoing weakness in public sector recruitment advertising.”
Underlying revenue from the French business is expected to be down by 3% for the full year, while revenues from recruitment advertising is predicted to be down by 22%.
Emap announced plans to sell its French operations and return the cash generated to shareholders last month, with the decision following a review of the group’s strategic investment priorities. The sale is expected to be completed during the first half of 2006-2007 (see Emap To Sell French Operations).
Meanwhile, Emaps radio revenues, excluding the recently acquired Scottish Radio Holdings (SRH) are forecast to be up by 1%, outperforming the market.
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