refinitiv annual report
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. View event. Revenues decreased 10% to $177 million, as expected. Report on Use of 2022 Fine Monies | FINRA.org Reduce capital expenditures as a percentage of revenue to between 6.0% and 6.5%. 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, those discussed on pages 16-30 in the Risk Factors section of the companys 2020 annual report. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Revenue and sales growth were again strong and exceeded our expectations, enabling us to finish the year on a solid footing. We want our products to provide you optimum efficiency. Organic revenues also increased 2% driven by 5% growth in recurring revenues, which comprised 80% of total revenues. Note: Refinitiv On Demand is not available as part of a Refinitiv Access deal. Refinitiv - Wikipedia Renewable developers are profiled and there is anal. In 2021, the company paid $850 million of taxes related to these transactions. Joti Mangat reports. The lock-up arrangement will terminate on January 29, 2025. A quarterly dividend of $0.445 per share is payable on March 15, 2022 to common shareholders of record as of February 24, 2022. Automate sales and use tax, GST, and VAT compliance.Consolidate multiple country-specific spreadsheets into a single, customizable solution and improve tax filing and return accuracy. By Alison Healey. Investment of $500 million - $600 million (2021 & 2022). Transactions revenues declined 6% organically. The final reports and analysis are delivered to clients via email. +1 437 388 3619 From time to time, the company also issues debt securities under a prospectus. Head of Commercial Communications & Corporate Affairs Information regarding the Change Program is provided later in this news release. Chile:+56 2 24838932 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.. 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. The company believes that providing reconciliations of forward-looking non-IFRS financial measures in its outlook would be potentially misleading and not practical due to the difficulty of projecting items that are not reflective of ongoing operations in any future period. Adjusted EBITDA decreased 10% to $95 million. Achieve organic revenue growth of 5% - 6% including additional annual revenues of $100 million; Achieve an Adjusted EBITDA margin of 38% - 40%; Achieve free cash flow of $1.8 billion - $2.0 billion; Achieve annual operating expense savings of $600 million, of which $200 million is expected to be reinvested in growth initiatives; and. melissa.cassar@tr.com, INVESTORS There is space for even another elephant in the nuclear room, in the era of reverse globalisation: is nuclear energy a useful geo-political lever for hegemons, or a shield in times of energy warfare for the meek? [8] It was finally awarded such approval by EU regulators in January 2021. In the first quarter of 2020, the company reassessed its methodology for allocating costs to its business segments and adjusted its allocations in connection with the completion of the repositioning of its businesses in 2019 after the separation of Refinitiv. 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. LSEG 2022 H1 Interim Results. Refinitiv's Developer Portal[18] includes data feeds, SDKs and APIs, documentation, sample code, learning materials and community Q & A forums. The company believes that providing reconciliations of forward-looking non-IFRS financial measures in its outlook would be potentially misleading and not practical due to the difficulty of projecting items that are not reflective of ongoing operations in any future period. Baseload, that is old hat. A quarterly dividend of $0.405 per share is payable on March 17, 2021 to common shareholders of record as of March 5, 2021. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Financial Results | LSEG For purposes of those financial results, Thomson Reuters removed these amounts from its non-IFRS calculation of adjusted EPS. Other than EPS, the company reports its results in millions of U.S. dollars, but computes percentage changes and margins using whole dollars to be more precise. Annual Report 6.7 MB. Have questions? The company's business outlook is based on information currently available to the company and is based on various external and internal assumptions made by the company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the company believes are appropriate under the circumstances. Most employees continue to work remotely from their homes, enabled by technology that allows them to collaborate with customers and each other. The companys Big 3 segments (Legal Professionals, Corporates and Tax & Accounting Professionals), which collectively comprised 79% of total revenues, reported organic revenue growth of 5%. This news release includes certain non-IFRS financial measures, which include ratios that incorporate one or more non-IFRS financial measures, such as adjusted EBITDA and the related margin (other than at the customer segment level), free cash flow, adjusted EPS, accrued capital expenditures expressed as a percentage of revenues, selected measures excluding the impact of foreign currency, changes in revenues computed on an organic basis as well as all financial measures for the Big 3. Essential employees who cannot work from home, such as Reuters News journalists and those working in the companys Global Print facilities, follow various health and safety standards. By Nic Stone, New Zealand based Morrison & Co is raising new global funding. Is nuclear energy safe, or unsafe? Colombia:+57 1 4419404, Europe, Middle East, Africa Thomson Reuters Reports Fourth-Quarter and Full-Year 2021 Results [PDF], Q4 2021 Reconciliation of Non-IFRS Financial Measures, Revised 2021, 2020 and 2019 Segment Information, Payroll, compensation, pension & benefits, Fraud prevention, detection & investigations, Document retrieval & due diligence services, Do not sell or share my personal information and limit the use of my sensitive personal information, (Millions of U.S. dollars, except for adjusted EBITDA margins), Strong revenue and sales growth for the fourth quarter and full year, Full-year total company revenue up 6%/organic revenue up 5%, Fourth-quarter total company revenue up 6%/organic revenue up 6%, Organic revenue up 7% for the Big 3 (Legal Professionals, Corporates, and Tax & Accounting Professionals), Global Legal, Tax, Risk, Fraud & Compliance markets continue to be robust, providing a tailwind, Raised 2022/2023 guidance for organic revenue growth, adjusted EBITDA margin and free cash flow, Change Program on track - $217 million run-rate operating expense savings at year-end, Increased annualized dividend per share by 10% (29. Contempory events spaces and state of the art facilities in the heart of the City of London. China mainland: +86 10 6627 1095 The decline primarily reflected the completion of the repositioning of the company in 2019 following the separation of Refinitiv, which required significant costs and investments. 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%). would like to Japan: +813 6743 6515 This dataset can be used by the following products. Adjusted EBITDA increased 6% to $154 million. Diluted loss per share was $0.36 compared to diluted earnings per share of $1.13 in the prior-year period due to lower operating profit and a decrease in value of the companys LSEG investment, which is discussed in more detail in the London Stock Exchange Group (LSEG) Ownership Interest section of this news release. In 2020, cash flow benefited from savings related to the companys COVID-19-related cost mitigation efforts and lower income tax payments. Americas The industry leader for online information for tax, accounting and finance professionals. Arup believes that the establishment of a strong hydrogen economy is a very real opportunity and within reaching distance, but how far away is the finishing line? India, Bangladesh, Nepal, Maldives & Sri Lanka: Taiwan: +886 2 7734 4677 Fourth-Quarter Highlights Simplify project management, increase profits, and improve client satisfaction. Energy storage has become a critical component of the renewable energy infrastructure and the general electric power markets in recent years. Please consult your account manager. Philippines:180 089 094 050(Globe) or U.S. companies boost sustainability scores - Refinitiv data Any worsening of the global economic or business environment could impact the companys ability to achieve its outlook. New Zealand: +64 9913 6203 The magnitude of these items may be significant. The margin increased to 37.5% from 34.5%, primarily due to higher revenues. 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. Unrivalled access to UK, European and global capital markets. MEDIA Material assumptions and material risks related to the companys outlook will also be included in the companys 2021 annual report, which the company plans to file in March. (2) Computed for revenue growth only. Under the deal, Thomson Reuters transferred its complete financial and risk product portfolio to Refinitiv, with the exception of Regulatory Intelligence, Risk Compliance Learning and Data Privacy Advisory Services. 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. Mar 02, 2023. The 2019 segment amounts were also adjusted to reflect the transfer of certain revenues among the segments to where they are better aligned. By submitting this form you are acknowledging that you have read and agree to ourprivacy statement. Welcome to the 2023 Refinitiv Project Finance International (PFI) Yearbook. Navigation Commentary & Research Events Lipper StarMine Search Submit Close Jack Fischer Jack Fischer joined Refinitiv Lipper as a Senior Research Analyst in February 2021. Japan: +813 6743 6515 It is the most comprehensive and authoritative publication to serve the industry, covering all the major sectors, including transport, power, oil & gas, infrastructure and mining. Optimize operations, connect with external partners, create reports and keep inventory accurate. Revenues of $285 million increased 6% (8% organic), primarily due to strong recurring revenue growth of 7%, which included a 2% benefit from the accelerated release of some UltraTax state tax software from January to December to align with the traditional December release of the segments US Federal Government software. Material assumptions related to the companys effective tax rate on adjusted earnings outlook are its ability to achieve its adjusted EBITDA target; the mix of taxing jurisdictions where the company recognized pre-tax profit or losses in 2020 does not significantly change; no unexpected changes in tax laws or treaties within the jurisdictions where the company operates; depreciation and amortization of computer software for 2021 as set forth in the companys outlook; and interest expense for 2021 as set forth in the companys outlook.
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