Mediahuis consolidated turnover in 2020 was €990.5 m, generating earnings of €171.5m and a net profit of €58.6m.
Last year was the first to include a full year of Irish results following the acquisition of INM, including independent.ie, the Irish Independent, Sunday World and Belfast Telegraph, in 2019.
“Though the Covid-19 pandemic caused a significant impact on advertising turnover, the group achieved rock-solid results in readership income,” the company said.
Mediahuis Group CEO Gert Ysebaert said steps taken in recent years in the area of digital transformation had boosted the ability to respond when the Covid19 crisis struck. The resilience and agility of our organisation were severely tested. But Mediahuis passed the test with flying colours,” he said.