Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

78.40p
   
  • Change Today:
      0.65p
  • 52 Week High: 87.35p
  • 52 Week Low: 59.10p
  • Currency: UK Pounds
  • Shares Issued: 317.97m
  • Volume: 307,311
  • Market Cap: £249.29m

Reach FY revenues impacted by Covid-19

By Iain Gilbert

Date: Monday 01 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Publishing firm Reach said on Monday that full-year revenues had declined in 2020 as a result of the impact of the Covid-19 pandemic on trading.
Reach posted a 14.6% drop in annual revenues to £600.2m, with a 10.6% surge in digital revenues being offset by an 18.9% decline in print revenues.

However, the London-listed group, which runs the Daily Mirror, Daily Record and Insider, did note that it had witnessed a recovery in print revenues and a strong digital exit rate in the fourth quarter, helping it deliver a stronger second half.

Full-year adjusted operating profits were down 12.8% at £133.8m but a strong adjusted operating cash flow of £121.8m helped support liquidity and leave the group with a net cash balance of £42.0m as of 27 December.

Reach will pay a final dividend of 4.26p per share for 2020, a marked increase on the 2.50p returned to shareholders in 2019.

Chief executive Jim Mullen said: "We have delivered our strategic milestones ahead of our original expectations and will now increase investment to accelerate delivery, focusing on the use of enhanced customer insight to drive engagement and our medium-term objective of doubling digital revenues.

"While macro-economic uncertainty resulting from Covid-19 clearly remains, the group is well placed to make good progress during 2021 and to generate increased long-term value as the strategy gathers momentum."

As of 1005 GMT, Reach shares were down 1.89% at 234.0p.

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Reach Market Data

Currency UK Pounds
Share Price 78.40p
Change Today 0.65p
% Change 0.84 %
52 Week High 87.35p
52 Week Low 59.10p
Volume 307,311
Shares Issued 317.97m
Market Cap £249.29m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.47% above the market average99.47% above the market average99.47% above the market average99.47% above the market average99.47% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
19.31% below the market average19.31% below the market average19.31% below the market average19.31% below the market average19.31% below the market average
10.64% above the sector average10.64% above the sector average10.64% above the sector average10.64% above the sector average10.64% above the sector average
Income
98.99% above the market average98.99% above the market average98.99% above the market average98.99% above the market average98.99% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
87.67% below the market average87.67% below the market average87.67% below the market average87.67% below the market average87.67% below the market average
77.27% below the sector average77.27% below the sector average77.27% below the sector average77.27% below the sector average77.27% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reach Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 10-Aug-23
Paid 31-May-24 22-Sep-23
Amount 4.46p 2.88p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 93,316 @ 78.40p
16:35 712 @ 78.40p
16:35 414 @ 78.40p
16:35 2,586 @ 78.40p
16:35 830 @ 78.40p

Reach Key Personnel

Chair Nick Prettejohn
CEO Jim Mullen
CFO Darren Fisher

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