15 April 2005
EMI AFFIRMS GUIDANCE FOR THE YEAR ENDED 31 MARCH 2005
EMI Group is today providing a final trading update for the year ended 31 March
2005 in advance of its preliminary results announcement due on 24 May 2005.
EMI Group expects to report results slightly ahead of previous guidance.
Specifically, the Group expects to report profit before tax, amortisation and
exceptional items ("adjusted PBT") of approximately £141 million, above the
previously indicated £138 million. The recorded music division, EMI Music,
expects to report a constant currency sales decline of approximately 7.5%,
against a previously indicated range of a decline of 8% to 9%.
Note: No further exceptional items are expected for the year ended 31 March
2005, other than those previously reported in the interim accounts. The figures
above are unaudited and may therefore differ from the final numbers that will
EMI Group plc
Amanda Conroy Corporate Communications +44 20 7795 7529
Claudia Palmer Investor Relations +44 20 7795 7635
Susie Bell +44 20 7795 7971
Brunswick Group LLP
Patrick Handley +44 20 7404 5959