Trading Update
18 Setembro 2003 - 4:02AM
UK Regulatory
RNS Number:8925P
Chrysalis Group PLC
18 September 2003
18 September 2003
Chrysalis Group Plc Pre-Close Trading Update
Following the completion of the disposal of Chrysalis's television activities,
Chrysalis Group is today issuing a trading update for the financial year ended
31st August 2003, ahead of the year-end close period.
For the 12 months ending 31st August 2003, Chrysalis Radio has continued to
significantly outperform the radio industry delivering revenue growth of 14.8%,
equating to revenues for the full year in the region of #53.2m. Including
associate income, revenues for the 2003 financial year are expected to be
#56.0m, up 14.1% on the previous year and in line with expectations. On a
like-for-like basis, excluding LBC and Galaxy 101, the radio division has
delivered revenue growth of approximately 13.2% over the same period last year.
This compares favourably to industry growth, which is believed to have been
around 3% in the corresponding period.
Chrysalis Radio has had a strong start to the 2004 financial year, with
like-for-like revenues for the month of September expected to be at least 15%
ahead of the same period last year.
Trading across the other divisions of the Group continues to be in line with the
update given on 31st July 2003, at the time of the announcement of the disposal
of Chrysalis's television division.
The preliminary results for the Chrysalis Group are due to be published in the
week commencing 17th November 2003.
For further information please contact:
Richard Huntingford, Group Chief Executive, Chrysalis Group Plc
020 7470 1057/ 07802 793 444
Harriet Finney, Corporate Communications Director, Chrysalis Group Plc
020 7465 6272/ 07811 370 957
Mark Edwards/Bobbie Swanson, Buchanan Communications
020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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