NZME Ltd. 2020 AR2
The report highlights NZME Limited's operational and financial performance for the year ended December 31, 2020, navigating the challenges of the COVID-19 pandemic. The company achieved an Operating EBITDA of $67.3 million, representing a 3% increase from 2019, despite an 11% decline in operating revenue to $331.2 million. NZME successfully reduced its net debt by 55% to $33.8 million and grew its digital subscriptions, with NZ Herald Premium exceeding 102,000 subscribers. On the sustainability front, the company aligned its initiatives with the UN Sustainable Development Goals, focusing on community support, reducing carbon emissions from its vehicle fleet to 544 tCO2e, and maintaining its Toitu Enviromark Gold certification for print operations.
Company: NZME Ltd.
Sector: Media & publishing
Country: New Zealand
Year: 2020
Type: AR2
Pages: 108
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NZME Ltd.
Annual Report
The report highlights NZME Limited's operational and financial performance for the year ended December 31, 2020, navigating the challenges of the COVID-19 pandemic. The company achieved an Operating EBITDA of $67.3 million, representing a 3% increase from 2019, despite an 11% decline in operating revenue to $331.2 million. NZME successfully reduced its net debt by 55% to $33.8 million and grew its digital subscriptions, with NZ Herald Premium exceeding 102,000 subscribers. On the sustainability front, the company aligned its initiatives with the UN Sustainable Development Goals, focusing on community support, reducing carbon emissions from its vehicle fleet to 544 tCO2e, and maintaining its Toitu Enviromark Gold certification for print operations.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Feb 23, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management