Business
Transcontinental Inc. increases its revenues by 12% and adjusted operating income by 21% in the 4th quarter
Highlights of the Fourth Quarter Note 1: Please refer to the table " Reconcilia...
About this update from Transcontinental Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nHighlights of the Fourth Quarter \n\n\n(in millions of dollars, except per share data)\n\n\nQ4-12\n\n\nQ4-11\n\n\n%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nRevenues\n\n\n$585.1\n\n\n$521.6\n\n\n12.2%\n\n\nAdjusted operating income before amortization (1) (Adjusted EBITDA)\n\n\n123.8\n\n\n110.0\n\n\n12.5%\n\n\nAdjusted operating income (1) (Adjusted EBIT)\n\n\n96.4\n\n\n80.0\n\n\n20.5%\n\n\nAdjusted net income applicable to participating shares (1)\n\n\n61.9\n\n\n54.5\n\n\n13.6%\n\n\nPer share\n\n\n0.77\n\n\n0.68\n\n\n13.2%\n\n\nNet income applicable to participating shares\n\n\n(51.9)\n\n\n30.8\n\n\n---\n\n\nPer share\n\n\n(0.65)\n\n\n0.38\n\n\n---\n\n\nNote 1: Please refer to the table \" Reconciliation of Non-IFRS financial\n measures\" in this press release.\n\n\nIncrease of 12.2% in revenues and 20.5% in adjusted operating income.\n\n\nIncrease of 12.5% in adjusted operating income before amortization.\n\n\nDecrease in net income applicable to participating shares due to unusual\n items totaling $113.5 million.\n\n\nReached an agreement in principle with Hearst Corporation for new terms\n and conditions to print the San Francisco Chronicle.\n\n\nContinued integration of Quad/Graphics Canada, Inc., which was acquired\n on March 1, 2012.\n\n\nStart of TC Media's television production activity.\n\n\nMaintained a solid financial position with a net indebtedness ratio of\n 1.32x.\n\n\n \n\n\nMONTREAL, Dec. 6, 2012 /CNW Telbec/ - Transcontinental Inc. (TSX: TCL.A\n TCL.B TCL.PR.D) ended fiscal 2012 on a very good note with revenues up\n 12.2% in the fourth quarter from $521.6 million to $585.1 million. This\n increase is mainly due to the acquisition of Quad/Graphics Canada, Inc.\n and acquisitions in the Media Sector, namely Redux Media. Excluding\n acquisitions and closures, and the impact of fluctuations in the\n exchange rate and paper, organic revenue growth was $0.8 million, or\n 0.2%.\n\n\nFourth quarter adjusted operating income rose 20.5%, from $80.0 million\n to $96.4 million. This increase stems mainly from the synergies from\n the integration of Quad/Graphics Canada, Inc., the optimization of the\n operational structure of digital operations and a higher volume from\n educational book publishing activities. Adjusted net income applicable\n to partici...