Emap is expecting revenue growth of 6% in the first half of 2006, driven by launches and acquisitions. However underlying revenue excluding acquisitions is expected to be down 2%.
Underlying revenue for the year as a whole is expected to be broadly flat, with the company saying that it remains on target to deliver against full year expectations.
Revenue from Emap’s UK Consumer Magazines division is expected to be broadly flat on an underlying basis and down 5% in total.
Emap says that International Consumer Magazines will reflect the tough trading conditions for FHM in the US and revenue is expected to be down 18%.
In radio, underlying revenues are expected to be up 5% whilst the company’s digital music television stations are expected to record an 11% increase.
Tom Moloney, group chief executive, said: “We will continue strategic investment in launches, key brands, and efficiency projects in order to consistently outperform our markets and operate at industry leading margins.
“Emap cannot defy market trends but we have a long experience of managing through cycles and our costs are firmly under control. We are excited about the opportunities that new distribution channels and media platforms provide for us to extend the relevance and reach of our brands.”
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