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Sparks commentary - Smiths News

Industrials

Sparks - Smiths News

More on this equity
Smiths News (LSE: SNWS) confirms long-term contract with Reach
Published by Andy Murphy

Smiths News today confirmed that it has signed a long-term distribution contract with Reach, which publishes 120 media brands including the Daily Mirror, Daily Express and OK! Magazine. The contract was first referenced with the group’s FY24 results in November and covers all of its distribution territories until 2029. This amounts to c £160m in revenue over the period and Smiths News confirmed that 91% of its newspaper and magazine revenue is contracted until 2029.

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