Global Print revenues are expected to decline between 4% and 7% in the full year. Monster Energy. Alongside a review of what Refinitiv achieved in 2019, the report features detailed new sections on how the business is supporting the UN SDGs across and how climate change could impact it in the future through Taskforce on Climate-related Financial Disclosures (TCFD)-aligned scenario analysis. The company did not repurchase any of its shares in the second quarter of 2020 and does not anticipate repurchasing more of its shares for the remainder of the year. As expected, organic revenues decreased 2% reflecting the declines in Global Print (down 17%) and transactions revenues (down 19%). Lemuel.brewster@refinitiv.com. Corporate costs at the adjusted EBITDA level were $26 million compared to $122 million in the prior-year period. Thomson Reuters has set a target to maintain approximately 500 million common shares outstanding by using share repurchases to offset dilution associated with its dividend reinvestment and equity incentive plans. 2020 Annual Report on Form 10-K 1.8 MB. +65 6415 5484 This news release includes certain non-IFRS financial measures, such as adjusted EBITDA and the related margin (other than at the customer segment level), net debt to adjusted EBITDA leverage ratio, free cash flow, adjusted EPS, selected measures excluding the impact of foreign currency, and changes in revenues computed on an organic basis. Material assumptions related to the companys free cash flow outlook are its ability to achieve its revenue and adjusted EBITDA margin targets; and capital expenditures are between the percentages of revenues in 2021, 2022 and 2023 as set forth in the companys outlook. Our data, your way. The company also announced today that it recently completed the repurchase of $200 million of its common shares under its normal course issuer bid (NCIB), which began in January 2021. On October 1, 2018, the company sold a 55% interest in its F&R business to private equity funds affiliated with Blackstone. Revenues increased 3% (1% organic) to $620 million. The program is expected to take 24 months (2021-2022) to largely complete and is projected to require an investment of between $500 million and $600 million during the course of that time. Data Provided by Refinitiv. +44 7909 898 605 2009 Annual Report 3.1 MB. Annual Financial Report 2019 LSEG 2019 Trading Statement Q3 RNS Oct 18, 2019 Download . The growth enabled the Bank to increase its loan portfolio to a record $5.4 billion in loans to the state's farmers and ranchers, business owners and students in North Dakota. Unique coverage from relationships with filings sources. Total company revenues and total organic revenues for the third quarter of 2020 are expected to grow between 1.0% and 2.0%. Revenues increased 5% (4% organic) to $653 million. Todays environment has reinforced that view, and our customers are demanding it. The information in this section should also be read in conjunction with the section below entitled Special Note Regarding Forward-Looking Statements, Material Risks and Material Assumptions.. Refinitiv announces sustainability report outlining progress on 2020 targets. Golden Download Library; Share; RSS News Feeds; Print; Facebook; LinkedIn; Twitter; RSS; Close. Head of Investor Relations Shareholder Tools. Thomson Reuters principal sources of liquidity continue to be cash on hand, cash provided by its operations, its $1.8 billion syndicated credit facility and its $1.8 billion commercial paper program. Refinitiv - Sustainable finance; Insights & Events. 03/12/21 ( FY 2020) 2020 Annual Report 1.9 MB. A majority interest in Refinitiv was previously sold to Blackstones consortium inOctober2018. Already a Refinitiv customer? Their need for trusted, authoritative always-on actionable content combined with unique data, AI/machine learning and software will only increase a real opportunity for us to better serve our customers. Annual Reports | LSEG - London Stock Exchange Group Many of the foregoing risks are, and could be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. Philippines:180 089 094 050(Globe) or See the section below entitled Non-IFRS Financial Measures for more information. Operating profit declined as the prior-year period included a significantly higher benefit from the revaluation of warrants that the company holds in Refinitiv. Full-year revenues for Global Print are expected to decline between 7%-11%. +91 22 6180 7525 Adjusted EBITDA increased 14% to $245 million. Japan: +813 6743 6515 In the Hedge Fund Huddle podcast series, industry experts share insights on hedge funds then and now, the future of investing, finding investment ideas and key market trends hedge funds need to be aware of. As these print materials have historically been viewed as critical content by law firms and government agencies, the company currently expects most of these shipments will eventually take place by the end of 2020. The companys products enable its customers to remain productive while they work remotely because they can access most Thomson Reuters products and services through the Internet. Automate workpaper preparation and eliminate data entry. The lock-up arrangement will terminate on January 29, 2025. Material risks related to the companys revenue outlook are that business disruptions associated with the COVID-19 pandemic, including government enforced quarantines and stay-at-home orders, may continue longer than the company expects or may be interrupted by secondary outbreaks of the virus, delaying the anticipated recovery of the global economy; global economic uncertainty due to the COVID-19 pandemic as well as related regulatory reform and changes in the political environment may lead to limited business opportunities for the companys customers, creating significant cost pressures for them and potentially constraining the number of professionals employed, which could lead to lower demand for Thomson Reuters products and services; competitive pricing actions and product innovation could impact the companys revenues; the companys sales, commercial simplification and product initiatives may be insufficient to retain customers or generate new sales; factors that the company cannot anticipate may reduce the effectiveness of its employees working remotely, including the inability to execute on key product or customer support initiatives or to perform implementation services remotely; factors that the company cannot anticipate may require it to suspend or cease operations at its Global Print facility or may limit the ability of Reuters News journalists to report on certain global events; and a decline in Global Print revenues may be larger than the company anticipates if customers do not resume shipments because they are not able to return to their business locations or for other reasons. The margin increased to 31.1% from 30.0%, primarily due to higher revenues. THE USE BY DASSAULT SYSTMES OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (MSCI) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF DASSAULT SYSTMES BY MSCI. The Tax & Accounting Professionals segment is the companys most seasonal business with approximately 60% of full-year revenues typically generated in the first and fourth quarters. Refinitiv acquired Advisor software in July 2020 and Red Flag Group in October 2020. 2018 Annual Report 2.8 MB. Hong Kong & Macau: +852 3077 5499 Indonesia:+622150960350 Thomson Reuters has not experienced any significant disruptions to its business and continues to be fully operational. [15] Search volumes of data with intuitive navigation and simple filtering parameters. All countries (toll free):+1 800 427 7570 (Annual sales and employees) What industry is the company in? Revenues increased 6% (5% organic) to $329 million, primarily due to strong recurring revenue growth. Proxy and Annual Report | BankUnited, Inc. In each of the three and four years following the closing (starting on January 30, 2023 and January 30, 2024, respectively), Thomson Reuters and Blackstone's consortium will become entitled to sell in aggregate one-third of the LSEG shares issued to them. India central bank says fiscal-year 2023 net income up; foreign Pence's running mate in the 2016 and 2020 presidential elections is the commanding front-runner in the GOP nomination polls as he makes his third straight White House run. 2020 - We appointed Steve Hasker as our new CEO and Mike Eastwood as our new CFO in March 2020. . Mr. Hasker added, This morning, we also announced a two-year Change Program that will transition Thomson Reuters from a holding company to an operating company and from a content provider to a content-driven technology company. We have an opportunity to reimagine the end-to-end customer experience through simplification, innovation and enhanced product integration, which I believe will present substantive opportunities to further fuel our growth and realize substantial efficiencies.. Data Provided by Refinitiv. Thomson Reuters interest in LSEG shares are held through an entity jointly owned by Blackstones consortiumand Thomson Reuters. Stockholder Services. Forward-looking statements, including those related to the COVID-19 pandemic, are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. 2021 Annual Report 4.3 MB. 2006 Annual Report and Form 10-K - Indexed . The information in this section is forward-looking. It is classified as operating in the News Syndicates industry. Mobile: +1 917-805-1089 Some of the material risk factors that could cause actual results or events to differ materially from those expressed in or implied by forward-looking statements in this news release include, but are not limited to, the ongoing impact of the COVID-19 pandemic on the companys business and risks that the pandemic could have a longer duration or a more significant impact on Thomson Reuters than the company currently expects; changes in the general economy (including the impact of the pandemic on the U.S. and global economies); actions of competitors; fraudulent or unpermitted data access or other cyber-security or privacy breaches; failures or disruptions of data centers, network systems, telecommunications, or the Internet; failure to develop new products, services, applications and functionalities to meet customers needs, attract new customers and retain existing ones, or expand into new geographic markets and identify areas of higher growth; changes to law and regulations; failure to adapt to organizational changes and effectively implement strategic initiatives; failure to attract, motivate and retain high quality management and key employees; failure to derive fully the anticipated benefits from existing or future acquisitions, joint ventures, investments or dispositions; failure to meet the challenges involved in operating globally; failure to maintain a high renewal rate for recurring, subscription-based services; dependency on third parties for data, information and other services; inadequate protection of intellectual property rights; tax matters, including changes to tax laws, regulations and treaties; fluctuations in foreign currency exchange and interest rates; failure to protect the brands and reputation of Thomson Reuters; threat of legal actions and claims; downgrading of credit ratings and adverse conditions in the credit markets; failure to efficiently complete the separation of Refinitiv from Thomson Reuters; failure to complete the proposed LSEG/Refinitiv transaction; the effect of factors outside of the control of Thomson Reuters on funding obligations in respect of pension and post-retirement benefit arrangements; risk of antitrust/competition-related claims or investigations; actions or potential actions that could be taken by the companys principal shareholder, The Woodbridge Company Limited; impairment of goodwill and other identifiable intangible assets; and the ability of Thomson Reuters Founders Share Company to affect the companys governance and management. Data Provided by Refinitiv. Adjusted EBITDA was $25 million, up $6 million from the prior-year period mainly due to a benefit from one-time items and currency. Thats why we invest in our community-driven open platform. Thomson Reuters will webcast a discussion of its second-quarter 2020 results and business outlook for 2020 today beginning at 8:30 a.m. Eastern Daylight Time (EDT). Chile:+56 2 24838932 Forward-looking statements, including those related to the COVID-19 pandemic, are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. Find your product login. The firm has more than doubled engagement with its community support programs, from 8 percent to 17 percent, has reduced carbon emissions by 11 percent despite an increase in footprint, expanded its suite of sustainable finance products, launchedRefinitiv Charities, has 40% women at the executive leadership level, and continues to support and promote an inclusive workplace that embraces diversity of every kind including the introduction of a 25% global race target at senior leadership level by 2024. Conduct legal research efficiently and confidently using trusted content, proprietary editorial enhancements, and advanced technology. As initially disclosed by the company on October 31, 2019, a misstatement was identified in the third quarter of 2019 that understated the companys share of Refinitivs post-tax losses since the fourth quarter of 2018. those discussed on pages 16-30 in the "Risk Factors" section of the company's 2020 annual report. The company continues to act based on guidance from global health organizations, relevant governments and evolving best practices. The magnitude of these items may be significant. Frank J. Operating profit increased 61%, primarily due to a significant gain from the sale of an investment, lower costs and higher revenues. The margin decreased from 44.1% to 40.5% due to the decline in revenues. TORONTO, August 5, 2020 - Thomson Reuters (TSX/NYSE: TRI) today reported results for the second quarter ended June 30, 2020. 2017 Annual Report. Q1 FY'24 results target date: August 23, 2023 Get the level of influence and opportunity that youd have at a startup, combined with the large-scale impact of working at a global company. 2020 Annual Report (Interactive) Add Files. The company adjusted its prior-period segment amounts to reflect the current presentation. Recurring revenues grew 5% (94% of total), driven by organic revenue growth of 3% and contributions from HighQ and Pondera, which were acquired in July 2019 and March 2020, respectively. Refinitiv Global Filings is one of the largest global collections of filings, updated in real time. Transitioning from donor aid for health: perspectives of national stakeholders . The table below summarizes the segment amounts that changed: Since October 1, 2018, the company has included its share of post-tax losses from its 45% interest in Refinitiv, an equity method investment, in its net earnings. Material risks related to the companys adjusted EBITDA margin outlook are the same as the risks above related to the revenue outlook; the costs of required investments exceed expectations or actual returns are below expectations; acquisition and disposal activity may dilute the companys adjusted EBITDA margin; and the companys cost savings programs may be insufficient to offset lost revenues. Annual Reports | AGNC Investment Corp. 2021 Annual Report. Registration Document 6.4 MB. We are fortunate to begin this program from a position of strength with growing Legal, Tax & Accounting and Government businesses operating in healthy and evolving markets. Annual Reports | Hanesbrands Inc. For any questions regarding our solutions and services, our customer service representatives are here to help. The company's outlook contains various non-IFRS financial measures. 2020 Proxy Statement 3.3 MB. We notice that you have used an expired link to try and complete registration. Thomson Reutersnow indirectly ownsapproximately 82.5 million LSEG shares,which havea market value of approximately $11.2billionbased on LSEGs closing share price onFebruary22, 2021. Data as of 03/31/23 11:20 pm EDT Data Provided by Refinitiv. Many of these risks, uncertainties and assumptions are beyond the companys control and the effects of them can be difficult to predict. Upon completion, I am confident Thomson Reuters will be a far more streamlined, integrated and agile operating company, and will deliver a best-in-class customer experience, which will drive strong operating and financial results and greater value for our customers and shareholders.. Recurring revenues, which comprised 81% of total revenues, grew 4% before currency and 3% organically. Subject to certain exceptions,Thomson Reutersand Blackstones consortiumhaveotherwise agreed to be subject to a lock-up fortheirLSEG shares until January 29, 2023. A powerful tax and accounting research tool. Email: investors@3ds.com, 2002-2023 Dassault Systmes - All rights reserved, Explanatory memorandum adopted by the Board of Directors on April 22, 2020, Text of the resolutions adopted by the Board of Directors on April 22, 2020, Supplementary report to 2019 corporate governance report. The report highlights Refinitivs sustainability achievements as a transparent, responsible business and reinforces its commitments to put sustainability at the heart of its product offering and be part of an ecosystem of changemakers. Revenues increased 1%, as growth in recurring revenues more than offset a decline in Global Print revenues and a negative impact from foreign currency that reduced revenues by $44 million (approximately 1%). Reuters News 30-year agreementto supply news and editorial content to Refinitiv continues under the same terms and conditions after the closing and is scheduled to run to 2048. Melissa Cassar Find technical support, product updates, training sessions and more. New Zealand: +64 9913 6203 All of Reuters Events in-person conferences have been postponed through the third quarter. The 2019 segment amounts were also adjusted to reflect the transfer of certain revenues among the segments to where they are better aligned. Excluding this timing benefit, organic revenues were up 5%. programme in December 2020 to bring ESG NEWS converting to a green framework was an . Refinitiv . An archive of the webcast will be available following the presentation. Raising the bar on big data and analytics is big business - and getting bigger - as it is key in the decision-making process. 2020 Annual Report on Form 10-K 1.8 MB. Adjusted EBITDA increased 7% to $105 million. These measures do not have any standardized meanings prescribed by IFRS and therefore are unlikely to be comparable to the calculation of similar measures used by other companies, and should not be viewed as alternatives to measures of financial performance calculated in accordance with IFRS. The margin decreased from 39.4% to 34.6% due to the decline in revenues. Refinitiv Data Catalogue , opens new tab While the company cancelled or postponed nearly all in-person conferences, primarily in its Reuters Events business, many of these events were replaced with virtual meetings. Please try again orcontact usfor further assistance. 2018 Annual Report. Actual results, which include the impact of currency and acquisitions and dispositions completed during 2020, may differ materially from the companys outlook. Financial Technology, Data, and Expertise | Refinitiv David Crundwell These measures do not have any standardized meanings prescribed by IFRS and therefore are unlikely to be comparable to the calculation of similar measures used by other companies, and should not be viewed as alternatives to measures of financial performance calculated in accordance with IFRS. Unless otherwise noted, all revenue growth comparisons by customer segment in this news release are at constant currency (or exclude the impact of foreign currency) as Thomson Reuters believes this provides the best basis to measure their performance. While the company believes that it has a reasonable basis for making forward-looking statements in this news release, they are not a guarantee of future performance or outcomes and there is no assurance that the proposed LSEG/Refinitiv transaction will be completed or that any of the other events described in any forward-looking statement will materialize. Minimum 15 minutes delayed. 2020 Annual Report 4.6 MB. Tap into a team of experts who create and maintain timely, reliable, and accurate resources so you can jumpstart your work. FY 2004 Annual Review (Form 10K) Add Files. Next page next Last page last Should you wish to receive a hard copy version of the annual report, please contact CrossAmerica Partners, Investor Relations at 610-625-8005 or . Mother. On January 29, 2021, Thomson Reutersand private equity funds affiliated with Blackstoneclosed the sale of Refinitiv toLSEGin an all-share transaction. As the correction of the cumulative misstatement in the third quarter of 2019 would have been material to net earnings in the quarter, the company revised its previously issued financial statements. Global coverage for over 138 developed and emerging markets. 2020 Annual Report 2.5 MB. As a result, the business is preparinga hybrid eventsstrategythat can accommodate both in-person and virtual options. Golden 2019 Annual Report (Interactive) Add Files. Annual Reports | NetApp Corporate Report 36.5 MB. While the company cancelled or postponed nearly all in-person conferences, primarily in its Reuters Events business, some of these events were replaced with virtual meetings. As participants of the UN Global Compact, Refinitiv is part of a community of 9,000+ businesses across 135 countries that are committed to operating with responsible business practices at its core. Lower costs reflected the completion of the repositioning of the company in 2019 following the separation from its former Financial & Risk (F&R) business, which is now the Refinitiv business of London Stock Exchange Group (LSEG). None of the companys outstanding debt securities are scheduled to mature until 2023. Adjusted EBITDA was $6 million, down $4 million from the prior-year period, primarily due to non-recurring costs incurred in the quarter. We are currently reviewing your application. In 2023, the program is forecast to: The companys outlook for 2021, 2022 and 2023 incorporates the forecasted impacts associated with the Change Program; assumes constant currency rates; and excludes the impact of any future acquisitions or dispositions that may occur during those periods.