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 H1 revenues and operating profits grow

By Iain Gilbert

Date: Tuesday 27 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Publishing firm Reach said on Tuesday that both revenues and operating profits had improved in the six months ended 27 June.
Reach said first-half adjusted operating profits came to £68.9m, up 25.5% year-on-year, while interim revenues ticked up 4% to £302.3m. Like-for-like revenues were up 2.6%, with digital up 42.7% to £68.6m and print down 5.2% at £232.4m.

The London-listed firm's adjusted earnings per share increased 27.1% to 17.8p, while adjusted operating profit margins expanded from 18.9% at the midway point of 2020 to 22.8% at the end of June 2021.

Reach's interim adjusted operating costs came to £234.9m, down slightly from the £236.2m reported a year ago, with savings from its 2020 transformation programme being partly offset by increased investments and the annualisation of one-offs.

Chief executive Jim Mullen said: "Reach is transforming its prospects and with strong momentum in the customer value Strategy we now have a clear pathway to sustainable growth.

"Award-winning national and local journalism is delivering consistently higher audience engagement, supported by increased customer insight. As a result, we have been able to increase investment in journalism and the applied data technology that is key to us achieving our ambition of doubling digital growth over the medium term. The business remains strongly cash generative and is committed to delivering growth for the benefit of all stakeholders."

As of 1110 BST, Reach shares were up 7.67% at 337.0p.

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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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