FY’21 saw organic revenue growth for the first time in over a decade. Group revenues rose +3% y/y to £616m, with AOP margins rising +140bps y/y to 23.7% supported by mix shift towards Digital. Digital sales (24%/group) grew +25% y/y with key milestones reached: 1) unique registrations hit 10m (a year ahead of plan); 2) >200 campaigns were run using Plus+ products (launched Q2); and 3) ARPUs grew +25% y/y to £3.55/unique visitor. Reach enters FY’22 with both rising audience engagement and improvi ....
01 Mar 2022
FY'21: Positive inflection occurring
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FY'21: Positive inflection occurring
Reach plc (RCH:LON) | 78.1 0 0.1% | Mkt Cap: 248.4m
- Published:
01 Mar 2022 -
Author:
Caspar Erskine -
Pages:
3
FY’21 saw organic revenue growth for the first time in over a decade. Group revenues rose +3% y/y to £616m, with AOP margins rising +140bps y/y to 23.7% supported by mix shift towards Digital. Digital sales (24%/group) grew +25% y/y with key milestones reached: 1) unique registrations hit 10m (a year ahead of plan); 2) >200 campaigns were run using Plus+ products (launched Q2); and 3) ARPUs grew +25% y/y to £3.55/unique visitor. Reach enters FY’22 with both rising audience engagement and improvi ....