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Associated equity: Smiths News
Smiths News is the UK’s largest newspaper and magazine distributor with a c 55% market share covering 24,000 retailers in England and Wales. It has a range of long-term exclusive distribution contracts with major publishers, supplying a mix of supermarkets and independent retailers.
Smiths News — 4 videos in collection
Smiths News trades on a P/E of just 4x in FY22e and yields an attractive 6%. In this interview, Smiths News CEO Jon Bunting discusses FY21, the impact the pandemic has had on the business and how it may affect the print market in the longer term. He goes on to discuss labour and costs issues, which have affected many businesses as well as Smiths News. He also gives an update on the company’s progress on its strategic journey, its approach to ESG issues and how cash generation is opening up different opportunities for reinvestment in the business and/or shareholder returns. Finally, he concludes with some interesting statistics that may surprise some readers.
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