Emap publish trading update
Emap is today issuing its regular trading update in respect of the year ending 31 March 2006. The Group intends to announce its preliminary results on 23 May 2006.
In Radio, the integration of the acquired stations is proceeding according to plan and we are on track to deliver the ?5 million of annualised cost savings identified at the time of the SRH acquisition. Revenue from our radio stations, excluding SRH, is expected to be up 1%, outperforming a market estimated to be down by some 7%.
As a result of an uplift in performance since acquisition, revenue from the acquired stations is also expected to be up 1% year-on-year.