UK Radio Trading Figures Comparisons
Four UK radio operators have released trading figures this week, with revenues showing that conditions remain pretty tough, with no obvious, strong upturn visible at present.
Capital Radio this morning said that revenues were down 2% in the year to September, whilst the six month period showed a growth of 2% (see Capital Radio Sees 2% Revenue Decline, Tarrant Stays). Scottish Radio Holdings today posted a 2% drop over the twelve month period (see SRH Radio Revenues Drop 2% In Full Year).
Also this morning, GWR demonstrated even weaker trading, with sales down by 2% in the six months to September (see GWR Revenues Stay Flat In First Half). EMAP, meanwhile, was even weaker still, with its sales falling by 7% in the six months to September, partly due to a strong performance for the same period last year (see EMAP Remains Resilient In Tough Markets).
How these figures compare against one another and against the radio market as a whole is shown here.
| Like For Like UK Radio Revenues | ||||||||
| 2001 | 2002 | |||||||
| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3F | Q4F | |
| RAB market | 0.8 | -12.2 | -6.4 | -11.6 | 0.5 | 2.1 | -5.0 | 0.0 |
| Capital Radio | 0.0 | -16.0 | -9.0 | -9.0 | -5.0 | 3.0 | 1.0 | 2.0 |
| GWR | 7.8 | -10.5 | 0.5 | -1.0 | -0.6 | 4.9 | -7.0 | 2.6 |
| EMAP | – | -6.0 | -4.0 | -14.0 | -16.0 | -7.0 | -7.0 | -3.0 |
| Source: As above, Merrill Lynch estimates | ||||||||
