Full Year 2020 HT&E Ltd Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the HT&E 2020 Full Year Results Conference Call. (Operator Instructions) Please be advised that this conference is being recorded.
I would now like to hand the conference over to your first speaker, Ciaran Davis, CEO and Managing Director of HT&E. Thank you. Please go ahead.
Good morning, everyone. Thank you for joining our full year results today. Andrew and I will take you through the presentation, and we'll leave time at the end for any questions you may have.
Our reported results on Slide 2 show revenue down 22% to $197 million as COVID hit all sectors of the advertising industry. In an unprecedented year, it was pleasing to see the market improve in the back half. And as a result, our revenue was down 14% compared to 29% in H1. Full year EBITDA was $49 million, a drop of 35%. Reported EBIT was down 43%, with NPAT and underlying EPS down 55% and 54%, respectively.
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