Reach PLC (FRA:MRR)

€ 1.034 -0.01 (-0.96%) Market Cap: 337.82 Mil Enterprise Value: 389.19 Mil PE Ratio: 6.87 PB Ratio: 0.42 GF Score: 70/100

Full Year 2023 Reach PLC Earnings Call Transcript

Mar 05, 2024 / 09:00AM GMT

Release Date Price: €0.664 (-2.35%)

Transcript

Jim Mullen

Reach PLC - Chief Executive Officer

Hello, everyone, and thank you for making it here today. It's good to see you face-to-face again, and welcome to those joining us on the webcast. We're looking forward to taking you through the Reach plc 2023 full-year results presentation.

I'm joined by our CFO, Darren Fisher, who will guide you through the financials, and then I'll give you a strategic update and take you through the progress we have made in 2023. I'll assume that you've already read our disclaimer.

2023 was a big year for Reach. Our financial performance has been very resilient in an uncertain macroeconomic environment. And while we have not been immune to the slowdown, this has been affecting publishers across the sectors, we can see that the benefits of our focus on our customer value strategy, cost management, and our innovation have been beneficial.

So while our digital business has, as expected, been impacted by the page view decline seen across the wider market, the higher quality revenues delivered through our customer value strategy have helped

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