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Thomson Reuters Reports Fourth-Quarter and Full-Year 2020 Results



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
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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 ....

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Thomson Reuters Corp - Announcement of full year/4th quarter financial results


Thomson Reuters Corp - Announcement of full year/4th quarter financial results
Two-Year Change Program Announced
Big 3 revenues up 4%; organic revenues up 5%
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
Content Provider to Content-Driven Technology Company
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. ....

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