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Yell says on track to meet year-end expectations

Tue Jul 24, 2007 2:19am EDT

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LONDON, July 24 (Reuters) - UK-based directories company Yell Group (YELL.L) said on Tuesday it was on track to meet full-year expectations as it posted a 21 percent rise in first quarter underlying earnings despite tough trading in the U.S. Yell's underlying adjusted earnings before interest, tax, depreciation and amortisation in the three months to end-June rose to 143.9 million pounds ($296.1 million) from 118.8 million pounds a year ago. Revenue rose 18.6 percent to 441.1 million. Yell said its adjusted diluted earnings per share fell 11.8 percent to 6.0 pence per share from 6.8 pence last year.

The company had already warned that underlying first-quarter earnings would be significantly diluted due to the consolidation of Yell Publicidad's seasonally low revenue in Spain and Latin America.

((Reporting by Gavin Haycock; gavin.haycock@reuters.com; Reuters Messaging: gavin.haycock.reuters.com@reuters.net; +44 0207 5427954))

($1=.4860 Pound) Keywords: YELL TRADING/

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