AMU Air Music&Media

RNS Number:2258Q
Air Music & Media Group PLC
29 January 2007


                                29 JANUARY 2007



                          Air Music & Media Group plc

                          ("Air Group" or "the Group")


                                 TRADING UPDATE


The Board of Air Group, the UK distributor of home entertainment products, today
provides shareholders with a trading update.


Performance across the business units in the Christmas trading period mirrored
trading in the first half of the financial year. At the core of the business,
Music Box Leisure held up well whilst ESD Wholesale continued to experience
tough trading conditions. In the non-core businesses, both AMM Sales and Legacy
continued to experience lower sales than the previous year.


The Group's buying activities have enabled the core of the business to improve
margins and steps taken last year to rationalise activities and reduce overhead
are delivering improved operating profit margins. The Board is assessing
strategic options regarding underperforming operations.


Sales in the three months to 31 December 2006 were #23.2 million, compared to
#26.4 million in the corresponding previous period, as follows:

                                    ----------       -----------        --------
                                       31-Dec             31-Dec
                                         2006               2005
                                    (3 months)         (3 months)
                                    ----------       -----------        --------
                                   # million           # million          Change
                                   ----------        -----------        --------

Music Box Leisure                       17.8               17.6              1%
ESD Wholesale                            3.8                5.3            -28%
Air Music and Media Sales                0.6                0.9            -33%
Legacy Entertainment                     1.0                1.7            -41%
Play Media                                 -                0.9           -100%
                                    ----------        -----------       --------
                                        23.2               26.4            -12%
                                    ----------        -----------       --------


Outlook

In the Group's interim statement it was noted that, despite a fall in headline
sales, the improvements made in the Group had led to trading results broadly in
line with expectations. Whilst the Christmas performance at Music Box Leisure
was steady, if unspectacular, performance in the other businesses mean that full
year profits will be unlikely to meet market expectations. The Board anticipates
that full year profits, before tax and goodwill amortisation, will be marginally
below last year's results on a pre-exceptional basis.


                                    --ENDS--

Enquiries:


AIR MUSIC & MEDIA GROUP PLC                                   Tel: 0161 767 1620
Peter Cowgill, Chairman


BISHOPSGATE COMMUNICATIONS LIMITED                            Tel: 020 7562 3350
Dominic Barretto
Fran Read




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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