HVX Huveaux

RNS Number:0421Z
Huveaux PLC
26 June 2007


26 June 2006


                                  HUVEAUX PLC

                                 TRADING UPDATE



Huveaux is today making the following trading update ahead of its half-year
results announcement which is expected to be made on 26 July.


While EBITDA for 2007 is expected to slightly exceed the level achieved in 2006,
this is below current market expectations.


Healthcare Division

Our Healthcare Division in France has seen a significant drop in sales revenue
as compared to the first half of 2006. This is as a direct result of
pharmaceutical companies cutting their advertising budgets across the board in
response to the sharp rise in generic drugs. The revenues from our Continuing
Medical Education accredited publications and other product offerings have
started to flow through, but these have not been sufficient to offset the impact
from the decline in pharmaceutical advertising. Accordingly, the outlook for the
year is that sales and EBITDA of the Healthcare Division will be significantly
lower than in 2006.


Nevertheless, the expected performance of the Healthcare Division in 2007 will
still give at least a 15% pre-tax return on the original cost of acquisition -
significantly in excess of our cost of capital.


Political Division

The Political Division continues to make progress with good organic revenue
growth. Its market-leading positions in London, Paris and Brussels continue to
be strengthened and the outlook for the year remains very positive.


Learning Division

This division has been impacted by training budget cuts in Government
Departments during the first half of 2007. Sales have started to recover during
the past few weeks and the outlook is for a strong second half performance.
Nevertheless, for 2007 as a whole, sales and EBITDA are likely to be lower than
in 2006.


Education Division

The Education Division is making very good progress with strong organic growth
in both sales and EBITDA. Under Huveaux's new ownership, the historic revenue
decline at Letts has been reversed and Lonsdale's sales are up significantly on
last year, including an encouraging increase in Science curriculum sales. Leckie
& Leckie has also produced an outstanding performance with record profits and
increased market share driven by an expanded portfolio. The 2007 outlook for the
Education Division is therefore excellent.


The Company continues to make strategic progress in key areas and is strongly
committed to increasing shareholder value. Accordingly, the complementary
acquisition of the European Public Affairs Directory was completed in May and
our small contract publishing business in the Healthcare Division was sold in
June. A review of our paper and print costs is also likely to have a beneficial
effect on the 2008 results.


Management has initiated a recovery programme and further details will be
included in the half-year results announcement.


END




For further information, please contact:


Huveaux

John van Kuffeler
Executive Chairman                                                020 7245 0270

Gerry Murray
Chief Executive Officer

Dan O'Brien
Group Finance Director


Finsbury

James Leviton                                                     020 7251 3801
Don Hunter



About Huveaux:

Huveaux PLC is a public limited company listed on the Alternative Investment
Market (ticker HVX.L).


The Company was formed in 2001 with the objective of building a substantial,
high-quality media group. Huveaux has completed and successfully integrated 13
acquisitions over the past six years and employs more than 500 staff in London,
Paris, Brussels, Edinburgh and four other UK regional offices.


The Group now consists of four Divisions, each of which has strong brands and
market leading positions:


Political Division

The market leader in political business-to-business publishing in the UK and EU,
serving both the political and public affairs communities. The Division
comprises Dods Parliamentary Companion, The House Magazine, Epolitix.com and
numerous other political magazines, reference books, monitoring products and
revenue-generating websites as well as events, awards and recruitment services.


Healthcare Division

One of the leading providers of specialist B2B publications and online education
for the medical sector in France. The Division comprises Panorama du Medecin, a
leading weekly magazine for French doctors, Le Concours Medical and La Revue du
Praticien, market-leading Continuing Medical Education magazines, Egora.fr, the
leading medical information website, a medical conference business and a number
of other magazines and reference materials.


Learning Division

A leading provider of resources to learning communities in the UK, including
e-learning solutions for the public and private sector and blended learning
solutions, seminars and events for the political, public affairs and training
markets. The Division comprises Epic, the UK market leader in e-learning, The TJ
magazine and the highly acclaimed Westminster Explained conferences and seminars
business.


Education Division (established 1 January 2007)

The leading supplier of study aids and revision guides in the UK, with full
product coverage across all subjects and stages of the entire curriculum in UK
schools. The Division comprises Lonsdale, Letts Educational and Leckie & Leckie.








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