United Bus Media Trading In Line With Views, Business Stable

LONDON -(Dow Jones)- United Business Media Ltd. (UBM.LN) said Friday trading since the interim results in July has been in line with the board's expectations and it anticipates that full year earnings for 2009 will be in line with market expectations. MAIN FACTS: -Overall trading outlook for UBM's businesses remains stable, with no indications of either further deterioration or of improvement. -Businesses in Asia - with the exception of Japan - are showing good growth and are performing in line with, or ahead of, expectations, as are businesses in Latin America. -Businesses in continental Europe are generally trading in line with expectations. -U.S. businesses, particularly those serving the technology and trade sectors, continue to be affected by the challenging recessionary environment. -U.K. businesses, notably those in property and construction-related markets, also continue to face tough trading conditions. -Continues to manage businesses actively through current trading conditions; business planning is based on the assumption that these conditions will continue in 2010. -Estimate that a 1% change in the U.S. dollar exchange rate for 2010 would change revenues by GBP2.9 million - GBP3.1 million and operating profits by GBP500,000 to GBP600,000. -A one cent change in the Euro exchange rate would change revenues by GBP1.2 million - GBP1.4 million and operating profits by GBP300,000 - GBP400,000. -By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com