EMAP ‘on track’ for revenue expectations

EMAP says it “remains on track” to meet expectations for this year despite reporting a 3% decline in continuing group revenue for the three months to June 30.

At its Annual General Meeting later today, the group will report a gloomy quarter for its consumer magazine division. It saw a 7% decline in underlying revenue over the period and a 13% decline in advertising. Circulations have also fallen by 4%.

It says its radio division is performing in line with the overall market. Revenue, excluding its Republic of Ireland stations, was down by 2% over the quarter with London reporting a 9% drop. It attributes the loss to the renegotiation of advertising deals at Magic 105.4.

The media group saw more positive growth in it business-to-business division, which reported a 10% growth in its information products and events business. It will also report a 34% increase in revenue across online and mobile.