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Reach (RCH) investor relations material
Reach AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Chair opened the meeting, outlined housekeeping, and confirmed the agenda: Chair's remarks, CEO's strategy and trading update, Q&A, and voting on resolutions.
Board members and their roles were introduced, emphasizing a balanced and strong group.
Financial performance review
Achieved a market-leading 20% operating margin and growing profits for the year.
Digital revenue declined by just over 8% in Q1 2026, mainly due to lower referral volumes from Google.
Print and advertising revenues decreased by 6.6%, but remained more reliable, supported by promotional activity and cover price increases.
Cost base reductions and print facility consolidation contributed to maintaining profitability.
Board and executive committee updates
Board worked closely with the new CEO to confirm updated strategic priorities.
Board expressed confidence in the management team and thanked staff for their dedication.
- Q1 2026 revenue fell 6.9% year-over-year amid digital challenges, but guidance is maintained.RCH
Q1 2026 TU6 May 2026 - Profit and margin rise as digital and print resilience offset revenue decline and referral volatility.RCH
H2 20253 Mar 2026 - Board changes, digital growth, and key risks discussed; new CEO elected by shareholder vote.RCH
AGM 20253 Feb 2026 - Adjusted operating profit up 23% as digital yield and cost savings offset revenue decline.RCH
H1 20242 Feb 2026 - FY25 profit set to exceed expectations despite a 1% drop in digital revenue.RCH
H2 2025 TU20 Jan 2026 - Profit up 6% with digital, data-driven, and affiliate growth; cost control boosts outlook.RCH
H2 20241 Dec 2025 - Digital growth and cost discipline drove margin improvement despite print decline.RCH
H1 202516 Nov 2025 - Digital revenue rose 2.1% in Q3, with profit expectations on track and restructuring ongoing.RCH
Q3 2025 TU14 Oct 2025 - Digital revenue growth and cost savings keep full-year expectations on track.RCH
Trading Update13 Jun 2025
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