Reach PLC (STU:MRR)

€ 1.064 -0.008 (-0.75%) Market Cap: 345.62 Mil Enterprise Value: 396.82 Mil PE Ratio: 13.51 PB Ratio: 0.46 GF Score: 69/100

Full Year 2020 Reach PLC Earnings Call Transcript

Mar 01, 2021 / 09:00AM GMT

Release Date Price: €2.5 (-7.41%)

Transcript

James Mullen

Reach plc - CEO & Executive Director

Good morning, and thank you for joining us for the 2020 Reach plc annual results.

Before I hand over to Simon to talk us through the numbers, I want to provide the highlights of what has been a tumultuous but progressive year. I will then update you on the progress we've made against our strategy, following the data-led approach we announced last year. And Lloyd Embley, our Group Editor-in-Chief, will then join us to talk about how the editorial team are embracing our new ways of working. Then after my summary, we'll then take some Q&A.

Now I wanted to start by reviewing the key highlights of 2020. This has been a year like no other and one in which trusted news providers were relied upon for news and information like never before. It was also a year of unparalleled change for Reach and one in which we have made significant progress in our Customer Value Strategy.

Our first strategic target was to grow registrations to over 2 million, and we have exceeded that and gone on to break the 5 million barrier. The bulk of

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