Reach (RCH)

Sector:

Media

Index:

FTSE 250

267.50p
   
  • Change Today:
    -8.00p
  • 52 Week High: 420.00
  • 52 Week Low: 191.00
  • Currency: UK Pounds
  • Shares Issued: 313.96m
  • Volume: 516,865
  • Market Cap: £839.84m
  • Beta: 0.01

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 267.50p
Change Today -8.00p
% Change -2.90 %
52 Week High 420.00
52 Week Low 191.00
Volume 516,865
Shares Issued 313.96m
Market Cap £839.84m
Beta 0.01

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.67% above the market average83.67% above the market average83.67% above the market average83.67% above the market average83.67% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average
Price Trend
51.07% above the market average51.07% above the market average51.07% above the market average51.07% above the market average51.07% above the market average
32.20% above the sector average32.20% above the sector average32.20% above the sector average32.20% above the sector average32.20% above the sector average
Income
23.67% below the market average23.67% below the market average23.67% below the market average23.67% below the market average23.67% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
13.53% above the market average13.53% above the market average13.53% above the market average13.53% above the market average13.53% above the market average
43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
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
  Interim Final
Ex-Div 12-Aug-21 13-May-21
Paid 24-Sep-21 04-Jun-21
Amount 2.75p 4.26p

Trades for 21-Jan-2022

Time Volume / Share Price
16:45 342 @ 266.00p
16:45 342 @ 266.00p
16:35 3,120 @ 267.50p
16:35 119,988 @ 267.50p
16:29 46 @ 265.50p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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