" IFRS operating profit up 343% Adjusted EBITDA up 33%; adjusted EBITDA margin of 32.5% Accelerating to 3.0: Two Powerful Levers to Drive Both Growth & Efficiencies Holding Company to Operating Company C 2021-2023 Outlook Provided* Adjusted EBITDA margin of 38% - 40% in 2023 Free cash flow of $1.8 billion - $2.0 billion in 2023 Investment of $500 million - $600 million (2021 & 2022) TORONTO, Feb. 23, 2021 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today reported results for the fourth quarter and full year ended December 31, 2020. The company also announced a two-year Change Program, provided a financial outlook for the next three years and announced a $0.10 increase in its annualized common share dividend. "We are very pleased with our results for the fourth quarter and the full year. We began 2020 with optimism and momentum as our sales, revenue growth and profitability were accelerating. Despite challenges from the ongoing COVID-19 pandemic, our 2020 performance reaffirmed the resilience of our markets and businesses and enabled us to meet or exceed each of the financial guidance metrics we provided throughout the year. We are confident that we can build on this performance in 2021 and in future years," said Steve Hasker, President and CEO of Thomson Reuters.