Strategy Update and 2019 Results Presentation February 24, 2020 RNS Number : 8219D Reach PLC 24 February 2020
Reach plc 24 February 2020 Reach plc Strategy Update and 2019 Results Presenta on
Reach plc ('Reach', 'the Company', 'the Group'), the largest commercial na onal and regional news publisher in the UK, is today making a presenta on to analysts and ins tu onal investors.
Jim Mullen, Chief Execu ve Officer, and Simon Fuller, Chief Financial Officer and Company Secretary, will be joined by a number of the Company's senior management team to provide an update on the strategic plans for long-term value crea on.
The Group's growth strategy will ensure that through capturing customer insight and data, Reach con nues to build an intelligent and relevant content business for the long term, ensuring a sustainable future for its trusted brands.
The Group is targe ng having 7m registered customers by the end of 2022 versus less than 1m at the end of 2019. At the 2020 interims the Group plans to give an update on key mone sa on themes, with an overall digital revenue target and meline expected to be announced with the 2020 year end financial results.
The customer value strategy being unveiled is centred on building an intelligent, relevant and trusted content business for the long term. Key pillars of the customer value strategy are: · Increased customer engagement - improved customer experience, deepening customer rela onships · A single view of the customer - a unified view of the customer across Reach · Revenue diversifica on and growth - innova on to grow and diversify our revenue base · Harnessing talent and teams -a customer-centric culture underpinned by data
In addi on to the strategic update, the presenta on will include a review of the 2019 full-year results.
No new material financial informa