Ex-99.1 - Annual Report for The Year Ended December 31, 2021 Certain statements in this news release, including, but not limited to, statements in Mr. Hasker's comments and the "Thomson Reuters Change Program and Outlook" section, are forward-looking. Global Print revenues are expected to increase between 1.0% and 3.0%. The annual report is now available in the "Investor Relations" section of tr.com. Net cash provided by operating activities, proceeds from disposals of property and equipment, and other investing activities less capital expenditures, payments of lease principal and dividends paid on the company's preference shares. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! The Turkish Statistical Institute will announce May inflation data at 0700 GMT on June 5. Cost of Compliance 2021: Shaping the Future | MENA Our products are proving well suited to enable them to effectively serve their clients. Our Mission Material risks related to the company's adjusted EBITDA margin outlook are the same as the risks above related to the revenue outlook; the costs to execute the Change Program may be higher than current expectations or the expected benefits by 2023 may be lower than current expectations; and acquisition and disposal activity may dilute the company's adjusted EBITDA margin. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Over the course of 2021, Thomson Reuters will pay approximately $225 million of tax on . Cision Distribution 888-776-0942 The words "will", "expect", "believe", "target", "estimate", "could", "should", "intend", "predict", "project" and similar expressions identify forward-looking statements. Highlights by Customer Segment - Three Months Ended December 31. PDF Fintech, Regtech, and the Role of Compliance Report 2021 2020 Fact Book 22.6 MB. Thomson Reuters Reports Fourth-Quarter and Full-Year 2021 Results Check here to receive emails about Thomson Reuters Legal products or services that may interest you. In 2021, their workforce dropped slightly in the in . Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 2021 Government Fraud, Waste, and Abuse Study Actual results, which include the impact of currency and future acquisitions and dispositions completed during 2021, 2022 and 2023, may differ materially from the company's outlook. Thomson Reuters Files 2021 Annual Report - PR Newswire The following table reconciles IFRS and non-IFRS common share information: Effect of stock options and other equity incentive awards, Reconciliation of Changes in Revenues to Changes in Revenues on a Constant Currency. Our customers are more confident in an improving economic environment and those positive prevailing tailwinds were reflected in strong sales across our businesses. About us; Annual report; Careers; Digital accessibility; Investor relations; Press releases; Fourth-quarter costs also included a $25 million investment to better position the business for 2022, which was allocated to go-to-market and product development initiatives, and data and analytics tools to improve the customer experience. Highlights by Customer Segment Year Ended December 31, Thomson Reuters Change Program and Outlook. Achieve an Adjusted EBITDA margin of 38% - 40%; Achieve annual operating expense savings of. The full updated outlook is appended to this news release. REUTERS/Umit Bektas/. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL RISKS AND MATERIAL ASSUMPTIONS. These andother risk factors are discussed in materials that Thomson Reuters from time to time files with, or furnishes to, the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. A quarterly dividend of $0.405 per share is payable on June 15, 2021 to common shareholders of record as of May 20, 2021. In March 2021, as permitted under a lock-up exception, Thomson Reuters sold approximately 10.1 million LSEG shares for pre-tax net proceeds of $994 million. TORONTO, March 10, 2022 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today filed its annual report for the year ended December 31, 2021. Forecasts ranged between 38% and 40.9%. Optimize operations, connect with external partners, create reports and keep inventory accurate. Reduce capital expenditures as a percentage of revenue to between 6.0% and 6.5%. Additionally, revenue growth was negatively impacted due to the acceleration of the release of some UltraTax U.S. state tax software from January 2021 to December 2020 to align with the traditional December release of the segment's U.S. Federal tax software. Analyze data to detect, prevent, and mitigate fraud. The annual report . Forum: "Finfluencers" Beware of clampdowns on Thomson Reuters financial results for the first quarter included a gain on the sale of Refinitiv to LSEG of $8.1 billion within "Share of post-tax earnings (losses) of equity investments". Our Standards: The Thomson Reuters Trust Principles. A 2021 research report by the FCA highlighted that, for those investing in high-risk products, "the challenge, competition, and novelty are more important than conventional, more functional reasons for investing, like wanting to make their money work harder or save for their retirement. PDF 2021 Report on the State of the Legal Market - Thomson Reuters Thomson Reuters Financial & Risk Strategic Partnership with Blackstone; Full-Year & Fourth-Quarter 2017 Financial Highlights Conference Call. Organic growth of 5% included an approximate 100bp benefit resulting from easier year-over-year comparisons due to the negative impact of COVID-19 on the business in 2020. Adjusted EBITDAincreased 25% to $146 million. Thomson Reuters Files 2021 Annual Report Highlights by Customer Segment - Three Months Ended March 31, (Millions of U.S. dollars, except for adjusted EBITDA margins). Thomson Reuters is a leading provider of business information services. Net cash provided by operating activities increased as higher revenuesmore than offset higher tax payments and expenses, which included Change Program costs. Refer to the tables appended to this news release, the company's 2020 annual report and the company's interim reports for the three months ended September 30, 2020 and June 30, 2020, for additional information regarding the calculation of adjusted EBITDA in each of these periods. 0 The survey found the adoption and implementation of Since the company's non-IFRS measure "adjusted earnings" is a profit, potential common shares are included, as they lower adjusted EPS and are therefore dilutive. The report has become the trusted and acknowledged voice of risk and compliance practitioners around the world. Thomson Reuters prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). PRESS RELEASE PR Newswire. In 2020, there were two such reports - the customary annual report and a second update to take account of the impact of the pandemic1. On March 19, 2021, as permitted undera lock-up exception, Thomson Reuters sold approximately 10.1 million LSEG shares for pre-tax net proceeds of $994 million. Inflation has been stoked by a late-2021 currency crisis and it touched a 24-year peak of 85.51% in October. Hard copies of the annual report may be obtained, free of charge, by contacting Thomson Reuters Investor Relations at investor.relations@tr.com. By submitting this form, you acknowledge and agree to the Thomson Reuters group of companies processing your personal data as described in our Privacy Statement located athttp://thomsonreuters.com/privacy_policy/. TORONTO, March 10, 2021 /PRNewswire/ -- Thomson Reuters (TSX /NYSE: TRI) today filed its annual report for the year ended December 31, 2020. The 2020 detail also includes costs related to a transition services agreement and offset by the reverse transition services agreement from the sale of MarkMonitor. 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. Organic revenues increased 6%, driven by 6% growth in recurring revenues (80% of total revenues), as well as 16% growth in transactions revenues. Number of Thomson Reuters employees worldwide by region 2009-2021. 74 0 obj <> endobj The company accounts for its indirect investment in LSEG at fair value, based on the share price of LSEG, within "Share of post-tax earnings (losses) in equity method investments" within the consolidated income statement. 2016 Interactive Annual Report. Gary E. Bisbee, CFA The Cost of Compliance report was also affected. Save time with tax planning, preparation, and compliance. Revenuesincreased 7% (all organic) to $361 million. to which the company is subject, and did not expect; and depreciation and amortization of computer software as well as interest expense may be significantly higher or lower than expected. Musk hosts Twitter event for anti-vaxx Democratic candidate RFK Jr. Settlement expansion is obstacle to peace, Blinken tells US Israel lobby. Global Print's second-quarter revenues are forecast to increase between 1% and 3%, as the prior-year period was negatively impacted by delayed shipments at the beginning of the COVID-19 pandemic. Exclusive news, data and analytics for financial market professionals, Reporting by Ezgi Erkoyun and Ali Kucukgocmen; Q4 2017 Earnings Presentation. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Adjusted EBITDAincreased 6% to $154 million. Any worsening of the global economic or business environment could impact the company's ability to achieve its outlook.
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