Chrysalis matches expectations
Posted by
Chrysalis matches expectations

Chrysalis Group Plc today announces its pre-close period update ahead of the announcement of its interim results for the six months ended 28th February, 2006.

Trading for the Group continues in line with the Board’s expectations for the full year and the Board remains confident that the current financial year will be a successful one for the Group.

As has been widely reported, trading conditions for the radio industry have been challenging over the first six months of the Group’s financial year. Chrysalis Radio has outperformed the market and is expected to report a like-for-like revenue decline of approximately 4% in the six months ended 28th February, 2006 against an industry which they believe showed a decline of over 8% for the same period. Encouragingly, March and April have seen much improved trading for Chrysalis Radio with like for like revenues expected to be up 10% over the two months. This, together with last month’s Q4 2005 Rajar audience figures showing Heart 106.2 as London’s most listened to station, gives them confidence that Chrysalis Radio’s full year targets will be met.

The 2006 interim results for Chrysalis Group Plc are due to be announced on Monday 22nd May, 2006.

Richard Huntingford, Group Chief Executive, said:

‘The outperformance of both our radio and music divisions, against their respective peers during the year to date, confirms that the benefits of our strategy of focusing on these two strong businesses are coming through as planned. Heart 106.2 remains the most listened to station in the important London market and we have once again demonstrated the strength of our music catalogue and our distribution business, all of which gives me confidence that the current financial year will be a successful one for the Group.’

Hear more radio industry news like this at the top of the hour on inRadio - the radio industry's very own radio station. Listen now in a new window whilst you continue reading RadioToday or press play below.

0 0 392 27 March, 2006 Industry News 2:40 am 20063 Monday, March 27th, 2006

Leave a Reply

Looking for something else?


Subscribe to our emails to stay informed about the latest radio news and products delivered straight to your inbox.

Related Posts

No related posts were found
WorldDAB General Assembly 2016 - November 9, 2016 at 10:00 am ()
Student Radio Awards - November 10, 2016 at 6:00 pm (The O₂ 10 Entertainment Avenue, London, SE10 0DY, England)
BBC Gillard Awards - November 10, 2016 at 7:00 pm (Newcastle)
Audio Production Awards - November 23, 2016 at 6:00 pm (BFI Southbank, Belvedere Road, London)
Radio TechCon 2016 - November 28, 2016 at 10:00 am (The Arts Theatre, 6-7 Great Newport St, London WC2H 7JB)
Salon de la Radio - January 29, 2017 at 10:00 am (Paris)
Salon de la Radio - January 30, 2017 at 10:00 am (Paris)
Salon de la Radio - January 31, 2017 at 10:00 am (Paris)
More events