Trinity once again delivered profits slightly ahead of expectations in FY15, underpinned by strong cost management. While our forward estimates are likely to ease back slightly, reflecting confirmation of a tough start to the year for print advertising and start-up losses on the New Day title launched today, the group should still be able to deliver consensus EPS of around 36p for FY16E. Despite the ongoing challenges around print advertising, pension and hacking liabilities, we retain our po

29 Feb 2016
New Day, New Year – but same ad trend

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New Day, New Year – but same ad trend
Reach plc (RCH:LON) | 73.3 0 0.0% | Mkt Cap: 233.3m
- Published:
29 Feb 2016 -
Author:
Jonathan Helliwell -
Pages:
3 -
Trinity once again delivered profits slightly ahead of expectations in FY15, underpinned by strong cost management. While our forward estimates are likely to ease back slightly, reflecting confirmation of a tough start to the year for print advertising and start-up losses on the New Day title launched today, the group should still be able to deliver consensus EPS of around 36p for FY16E. Despite the ongoing challenges around print advertising, pension and hacking liabilities, we retain our po