Trinity Mirror expects to perform ahead of expectations
Trinity Mirror has announced that it expects its year-end results to be “marginally ahead of expectations.”
The trading update doesn’t take into account the performance of Local World, which the publisher only acquired in November. However, it did say that in the last month it had traded “in-line with out expectations.”
It anticipates that fourth quarter revenue will be down 9% year-on-year, with publishing falling by 7%, print declining by 8%, but digital growing by 12%.
“We continue to deliver strong growth in our digital audience with average monthly unique users and page views growing year on year by 18% and 26% respectively for October and November,” continued the statement.
Circulation is expected to fall by 4%, while advertising revenue is expected to drop by 16% during this quarter.
It added that it expected to deliver “structural cost savings” of £20m for the year.