CHS Chrysalis

 

TIDMCHS 
 
RNS Number : 8961A 
Chrysalis PLC 
16 October 2009 
 

 
 
16 October 2009 
Chrysalis PLC 
Pre-Close Trading Update 
 
 
 
 
Chrysalis PLC ("Chrysalis" or "the Group"), the leading independent music 
publisher, today announces its pre-close period update ahead of its preliminary 
results for the year ended 30 September 2009. 
 
 
Since the Interim Management Statement on 14 August 2009 Chrysalis has performed 
well with good performances in both Music Publishing and Lasgo. As a result the 
full year results are anticipated to be slightly ahead of the Board's 
expectations.  In the second half there were good chart performances from The 
Gossip, Bat for Lashes and The Horrors building on the first half successes 
which included White Lies, The Fleet Foxes and The Yeah Yeah Yeahs. This, 
coupled with the first half performance, will result in NPS growth on both a 
reported and constant currency basis. The non-publishing business performed in 
line with our expectations. The Group's final quarter saw new releases from a 
number of Chrysalis artists as well as the digitally re-released repertoire of 
the Beatles for which we hold certain George Martin producer master rights. 
 
 
Chrysalis has remained focused on minimising corporate overhead and has an 
unused debt facility of GBP37.4m. The Group continues to review catalogue 
acquisition opportunities to further enhance its NPS. 
 
 
Chrysalis will announce its preliminary results on 17 December 2009. 
 
 
+----------------------+------------------+------------------------+----------------+ 
| Enquiries:           |                  |                        |                | 
+----------------------+------------------+------------------------+----------------+ 
| Chrysalis PLC        | Jeremy           | Group Chief Executive  | 020 7465 6170  | 
|                      | Lascelles,       |                        |                | 
+----------------------+------------------+------------------------+----------------+ 
|                      | Andy Mollett     | Group Finance Director | 020 7465 6321  | 
+----------------------+------------------+------------------------+----------------+ 
|                      |                  |                        |                | 
+----------------------+------------------+------------------------+----------------+ 
| Financial Dynamics   | Charlie Palmer   |                        | 020 7831 3113  | 
+----------------------+------------------+------------------------+----------------+ 
|                      | Emma Appleton    |                        |                | 
+----------------------+------------------+------------------------+----------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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