Reach PLC (CHIX:RCHl)
£ 0.75 +0.0040 (+0.54%) Market Cap: 237.19 Mil Enterprise Value: 276.79 Mil PE Ratio: 4.46 PB Ratio: 0.34 GF Score: 51/100
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Full Year 2024 Reach PLC Earnings Call Transcript

Mar 4, 2025 / 09:00 AM GMT
Release Date Price: £0.86 (-0.92%)

Key Points

Positve
  • Reach PLC (FRA:MRR) reported a strong financial performance in 2024, with an operating profit of £102 million, up 6% from the previous year.
  • Digital revenue returned to growth, increasing by 2.3% to £130 million, supported by a strong fourth quarter.
  • Data-driven revenues, which are higher yielding, grew to account for 45% of overall digital revenue, up from 43% last year.
  • The company achieved a significant 19% yield growth in digital advertising, driven by data-led strategies.
  • Reach PLC (FRA:MRR) maintained a strong cash conversion rate of 105%, demonstrating effective cash management.
Negative
  • Overall revenue declined by £30 million or 4.2%, primarily due to a 6% decline in print revenue.
  • The macroeconomic environment remains uncertain, posing potential challenges for future growth.
  • Print circulation continues to face structural challenges, with a 17% volume decline.
  • Despite digital growth, the company is still heavily reliant on print, which is in decline.
  • There are concerns about the impact of generative AI on search traffic, which could affect digital content engagement.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RCH.L - Reach PLC
Full Year 2024 Reach PLC Earnings Call
Mar 04, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone, and thank you for joining us here today for the Reach PLC 2024 full year results presentation.

It's good to see so many of you here face to face and welcome those joining us on the webcast. I'm joined by our CFO Darren Fisher, who will, as usual take you through the financials and then I'll give an overview of the drivers of our good performance in the year. We'll both answer any questions you have at the end and I'll assume that you've already read our disclaimer.

When we spoke back in July, we reflected on how our solid set of results demonstrated that Reach was operationally and strategically building an ever growing understanding of its audiences.

We explained that we have a strong commercial
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