Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

76.50p
   
  • Change Today:
    -2.75p
  • 52 Week High: 353.50
  • 52 Week Low: 67.05
  • Currency: UK Pounds
  • Shares Issued: 316.06m
  • Volume: 126,810
  • Market Cap: £241.78m

Deal with Barclays    Trade now with Barclays Stockbrokers

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.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Reach Market Data

Currency UK Pounds
Share Price 76.50p
Change Today -2.75p
% Change -3.47 %
52 Week High 353.50
52 Week Low 67.05
Volume 126,810
Shares Issued 316.06m
Market Cap £241.78m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.91% above the market average96.91% above the market average96.91% above the market average96.91% above the market average96.91% 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
74.89% below the market average74.89% below the market average74.89% below the market average74.89% below the market average74.89% below the market average
81.13% below the sector average81.13% below the sector average81.13% below the sector average81.13% below the sector average81.13% below the sector average
Income
99.07% above the market average99.07% above the market average99.07% above the market average99.07% above the market average99.07% 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
5.61% above the market average5.61% above the market average5.61% above the market average5.61% above the market average5.61% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_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 11-Aug-22 12-May-22
Paid 23-Sep-22 10-Jun-22
Amount 2.88p 4.46p

Trades for 07-Oct-2022

Time Volume / Share Price
15:23 465 @ 76.50p
15:23 1,322 @ 76.50p
15:23 297 @ 76.50p
15:23 333 @ 76.50p
15:23 227 @ 76.45p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

Top of Page