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  • Yellow Pages Limited Announces Appointment of Martin Harrison to Board of Directors

    Communiqués de presse Back to News Retour aux nouvelles Print Retour aux nouvelles Print Montréal (Québec), le 12 novembre 2024 – Pages Jaunes Limitée (TSX : Y) (« Pages Jaunes » ou la « Société »), chef de file en matière de médias numériques et de solutions marketing au Canada, est heureuse d’annoncer la nomination de Martin Harrison à son conseil d’administration, avec effet immédiat. M. Harrison apporte au Conseil plus de 30 ans d’expérience dans les domaines exécutif, financier et industriel. Il occupe actuellement le poste de directeur financier du groupe The Windracers Group au Royaume-Uni. Auparavant, il a été chef de la direction financière du groupe Yell/Hibu, un pair de la Société opérant au Royaume-Uni et en Amérique du Nord. Martin, comptable agréé formé chez PriceWaterhouse, a précédemment occupé des postes financiers de haut niveau chez Inmarsat, Colt et ICI, et a été impliqué dans des opérations commerciales au Canada. Il est titulaire d’une maîtrise en économie de l’Université d’Édimbourg. Martin replace Susan Kudzman, qui, après 10 ans de service chez Pages Jaunes, a décidé de quitter le Conseil. Le Conseil et la direction de la société tiennent à remercier Mme Kudzman pour ses nombreuses contributions à l’entreprise et pour sa sage direction du Conseil. À propos de Pages Jaunes Limitée Pages Jaunes Limitée (TSX : Y) est une société canadienne de médias numériques et de solutions marketing qui offre des occasions aux vendeurs et aux acheteurs d’interagir et de faire des affaires au sein de l’économie locale. Pages Jaunes détient certains des principaux médias locaux en ligne au Canada, notamment PJ.ca , Canada411 et 411.ca . La Société détient également les applications mobiles PJ, Canada411 et 411 ainsi que les annuaires imprimés Pages Jaunes. Pour plus d’information, visitez notre site Web à www.entreprise.pj.ca . Personnes-ressources : Investisseurs et médias Franco Sciannamblo Premier vice-président et chef de la direction financière investisseurs@pj.ca Pages Jaunes Limitée annonce la nomination de Martin Harrison à son conseil d’administration

  • Yellow Pages Limited Reports First Quarter 2023 Financial and Operating Results and Announces an Increase in Quarterly Cash Dividends1

    Press Releases Back to News Back to News Print Back to News Print Montreal (Quebec), May 11, 2023 — Yellow Pages Limited (TSX: Y) (the “Company”), a leading Canadian digital media and marketing company, released its operating and financial results today for the quarter ended March 31, 2023. “Our first quarter results reflect continued strong profitability and cash generation with solid progress on the revenue front and we are pleased to announce an increase in our quarterly cash dividend,” said David A. Eckert, President and CEO of Yellow Pages Limited. Eckert commented on the key developments: Strong quarterly earnings. “Despite our continued investments in revenue initiatives, including significant expansion of our sales force, our Adjusted EBITDA2 for the quarter was 33.1% of revenue.” Pension plan funding on track. “Consistent with our deficit-reduction plan announced in May 2021, in the first quarter of 2023 we made $1.5 million of voluntary incremental payments toward our Defined Benefit Pension Plan’s wind-up deficit.” Healthy cash balance. “Even after certain regular, seasonal cash disbursements during the quarter, cash on hand stood at approximately $54 million at the end of April.” Stable change in revenue. “Despite some increase in headwinds in the general economy, our change in revenue in the first quarter compared to prior year was slightly better than the same measure a year ago. And while we remain attentive to continued pressures in the global and Canadian economy, we are pleased with our compa Increase in quarterly cash dividend. “Our board has modified the dividend policy of paying a quarterly cash dividend to common shareholders by increasing the dividend from $0.15 per share to $0.20 per share.” Quarterly dividend declared. “Our Board has declared a dividend of $0.20 per common share, to be paid on June 15, 2023 to shareholders of record as of May 25, 2023.” Financial Highlights (In thousands of Canadian dollars, except percentage information and per share information) (1) The dividend will be designated as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends. (2) Adjusted EBITDA is equal to Income from operations before depreciation and amortization and restructuring and other charges (defined herein as Adjusted EBITDA), as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Adjusted EBITDA, Adjusted EBITDA margin, CAPEX, Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin are non-GAAP financial measures and do not have any standardized meaning under IFRS. Therefore, they are unlikely to be comparable to similar measures presented by other public companies. Refer to the section on Non-GAAP financial measures at the end of this document for more details. First Quarter of 2023 Results • Total revenues decreased 7.5% year-over-year and amounted to $62.7 million for the three-month period ended March 31, 2023, an improvement from the decrease of 7.8% reported for the same period last year. • Adjusted EBITDA less CAPEX1 totalled $19.8 million and the EBITDA less CAPEX margin1 was 31.6%. • Net income decreased to $12.4 million, or to $0.68 per diluted share. Financial Results for the First Quarter of 2023 Total revenues for the first quarter ended March 31, 2023 decreased by 7.5% to $62.7 million, as compared to $67.8 million for the same period last year. The decrease in revenues is mainly due to the decline of our higher margin digital media and print products and to a lesser extent to our lower margin digital services products, thereby creating pressure on our gross profit margins. The decline rates for total revenues and digital revenues improved year-over-year. Total revenue decline of 7.5% this quarter compares to a decline of 7.8% reported for the same period last year. Digital revenue decline of 5.7% this quarter compares to a decline of 7.7% reported for the same period last year. The improvements in total and digital revenues were due to increased average spend per customer in digital, increased renewal rates as well as continued improvements in customer claim rates. Print revenue decline of 13.7% this quarter compares to a decline of 7.9% reported for the same period last year. The higher decline rate for print revenue is attributable to the decrease in average spend per customer, partially offset by improvements in customer claim rates. For the three-month period ended March 31, 2023 Adjusted EBITDA1 decreased by $4.7 million or 18.3% to $20.8 million, compared to $25.4 million for the same period last year. The adjusted EBITDA margin1 decreased for the first quarter of 2023 to 33.1%, compared to 37.5% for the same period last year. The decrease in Adjusted EBITDA for the first quarter of 2023 is the result of revenue pressures as well as ongoing investments in our tele-sales force capacity, partially offset by reductions in other operating costs including reductions in our workforce and associated employee expenses, and lower variable compensation expense. Revenue pressures, coupled with increased headcount in our salesforce partially offset by continued optimization, will continue to cause some pressure on margins in upcoming quarters. For the three-month period ended March 31, 2023 Adjusted EBITDA less CAPEX decreased by $4.1 million or 17.1% to $19.8 million, compared to $23.9 million for the same period last year. The adjusted EBITDA less CAPEX margin decreased during the period ended March 31, 2023 to 31.6% compared to 35.3% for the same period last year. The decrease in Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin is driven by the decrease in Adjusted EBITDA, partially offset by the decrease in CAPEX spend, since 2022 CAPEX spend was impacted by the integration of new products. Net income decreased to $12.4 million for the three-month period ended March 31, 2023 compared to net income of $14.6 million for the same period last year due to lower Adjusted EBITDA, partially offset by lower depreciation and amortization, restructuring and other charges, financial charges and lower income taxes. Cash flows from operating activities increased by $5.4 million to $9.8 million for the three-month period ended March 31, 2023. The increase is mainly due to the decrease in stock-based compensation cash settlements of $3.0 million, lower income taxes paid of $5.9 million, and lower restructuring and other charges paid of $1.7 million, offset by lower Adjusted EBITDA of $4.7 million. The first quarter of 2022 benefited from the cancellation of the forward contracts resulting in a decrease in other receivables of $3.1 million. As at March 31, 2023, the Company had $49.7 million of cash. 1) Adjusted EBITDA is equal to Income from operations before depreciation and amortization and restructuring and other charges (defined herein as Adjusted EBITDA), as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Adjusted EBITDA, Adjusted EBITDA margin, CAPEX, Adjusted EBITDA less CAPEX, Adjusted EBITDA less CAPEX margin are non-GAAP financial measures and do not have any standardized meaning under IFRS. Therefore, they are unlikely to be comparable to similar measures presented by other public companies. Refer to the section on Non-GAAP financial measures at the end of this document for more details. Conference Call & Webcast Yellow Pages Limited will hold an analyst and media call and simultaneous webcast at 8:30 a.m. (Eastern Time) on May 11, 2023 to discuss first quarter 2023 results. The call may be accessed by dialing 416-695-6725 within the Toronto area, or 1-866-696-5910 outside of Toronto, Passcode 2713953#. Please be prepared to join the conference at least 5 minutes prior to the conference start time. The call will be simultaneously webcast on the Company’s website at: http s://corporate.yp.ca/en/investors/financial-reports . The conference call will be archived in the Investors section of the site at: http s://corporate.yp.ca/en/investors/financial-events-presentations . About Yellow Pages Limited Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada’s leading local online properties including YP.ca , Canada411 and 411.ca . The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www. corporate.yp.ca . Caution Concerning Forward-Looking Statements This press release contains forward-looking statements about the objectives, strategies, financial conditions and results of operations and businesses of YP (including, without limitation, payment of a cash dividend per share per quarter to its common shareholders). These statements are forward-looking as they are based on our current expectations, as at May 10, 2023, about our business and the markets we operate in, and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. Risks that could cause our results to differ materially from our current expectations are discussed in section 5 of our May 10, 2023 Management’s Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason. Contact: Investors & Media Franco Sciannamblo Senior Vice-President and Chief Financial Officer investors@yp.ca communications@yp.ca Yellow Pages Limited Reports First Quarter 2023 Financial and Operating Results and Announces an Increase in Quarterly Cash Dividends1

  • Yellow Pages Limited Reports on Voting Results at its Annual General Meeting of Shareholders and Announces Governance Changes

    Press Releases Back to News Back to News Print Back to News Print Montreal (Quebec), May 9, 2024 — Yellow Pages Limited (TSX: Y) (the “Corporation”) is pleased to announce that all resolutions presented at the Annual General Meeting of Shareholders (“AGM”) held virtually today were duly passed. The Corporation also announced the following changes to its board of directors (the “Board”). During its meeting immediately following the AGM, the Board named Susan Kudzman Chair Emerita and appointed her Chair of the Audit Committee of the Corporation. It also appointed Rob Hall, who previously served as Chair of the Audit Committee of the Corporation, as Chair of the Board, with immediate effect. David A. Eckert, President and CEO of the Corporation, said: “Rob Hall is a highly respected and appreciated, long-time member of the Board and Chair of its Audit Committee. Rob brings a wealth of highly relevant expertise and strategic leadership to his new position. We are delighted to see Rob broaden his role in this critical way. And a very special thank you to Susan Kudzman, who has acted as Chair of the Board since May 2018. As Chair of the Board, she has worked tirelessly to advance the interests of the Corporation and its shareholders. She leaves her role as Chair of the Board with the Corporation in a much stronger position than it was when she assumed the role. The Board and management of the Corporation are very appreciative of Ms. Kudzman’s guidance, insights and leadership as Chair of the Board over the last six years. In recognition of her contributions, the Board is delighted to bestow upon her the honorary title Chair Emerita, and we look forward to her ongoing contributions as a member of the Board and Chair of the Audit Committee.” About Yellow Pages Limited Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada’s leading local online properties including YP.ca , Canada411.ca , and 411.ca . The Company also holds the YP, Canada411, and 411 mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca . Contacts: Investors & Media Franco Sciannamblo Senior Vice President and Chief Financial Officer investors@yp.ca communications@yp.ca Yellow Pages Limited Reports on Voting Results at its Annual General Meeting of Shareholders and Announces Governance Changes

  • David A. Eckert to Continue as CEO of Yellow Pages Limited under New 3-year Agreement

    Press Releases Back to News Back to News Print Back to News Print Montreal (Quebec), July 16, 2020 — Yellow Pages Limited (TSX: Y) (the “Company”), a leading Canadian digital media and marketing company, announced today an agreement to extend the tenure of its President and CEO, David A. Eckert, for another 3 years. The Company’s Board of Directors approved the arrangement at a meeting late today. “We are delighted and encouraged that David will be continuing to lead the Company as we build on the strong momentum of the past 3 years and aim to complete the turnaround of the business,” said Susan Kudzman, Chair of the Board of Yellow Pages Limited. Eckert said, “I am honored to be able to continue leading the terrific team of terrific people at YP.” He continued, “I believe there is much opportunity at YP, as we are building a great company, for the benefit of our shareholders, our retirees, our employees, our customers, and our communities. I believe our future is bright, and I am glad I will be a part of it.” About Yellow Pages Limited Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada’s leading local online properties including YP.ca , Canada411 and 411.ca . The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca . Caution Concerning Forward-Looking Statements This press release contains forward-looking statements about the objectives, strategies, financial conditions and businesses of the Company. These statements are forward-looking as they are based on our current expectations, as at July 16, 2020, about our business and the markets we operate in, and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. Risks that could cause our results to differ materially from our current expectations are discussed in section 5 of our May 12, 2020 Management’s Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason. Contacts: Investors Franco Sciannamblo Senior Vice-President and Chief Financial Officer investors@yp.ca Media John Ireland Senior Vice-President, Organizational Effectiveness communications@yp.ca David A. Eckert to Continue as CEO of Yellow Pages Limited under New 3-year Agreement

  • Yellow Pages Limited Declares a Cash Dividend and Confirms the Full Redemption of Exchangeable Debentures

    Communiqués de presse Back to News Retour aux nouvelles Print Retour aux nouvelles Print Montréal (Québec), le 1er juin 2021 – Pages Jaunes Limitée (TSX : Y) (la « Société »), un chef de file en matière de médias numériques et de solutions marketing au Canada, déclare un dividende trimestriel en trésorerie1 et confirme le remboursement complet de ses débentures échangeables à leur valeur nominale plus les intérêts à payer, un montant total de 111 314 320 $."Comme nous l'avons annoncé le 23 avril 2021, nous sommes très heureux de confirmer que la Société a remboursé ses débentures échangeables en totalité hier, et a maintenant officiellement atteint le jalon marquant la fin de notre endettement", a déclaré David A. Eckert, président et chef de la direction de Pages Jaunes Limitée. "De plus, notre conseil d’administration a déclaré un dividende en trésorerie de 0,15 $ par action ordinaire, devant être versé le 30 juin 2021 aux actionnaires inscrits le 9 juin 2021". [1] Le dividende sera désigné comme dividende déterminé en vertu du paragraphe 89(14) de la Loi de l’impôt sur le revenu (Canada) et de toute loi provinciale applicable se rapportant aux dividendes déterminés. À propos de Pages Jaunes Limitée Pages Jaunes Limitée (TSX : Y) est une société canadienne de médias numériques et de solutions marketing qui offre des occasions aux vendeurs et aux acheteurs d’interagir et de faire des affaires au sein de l’économie locale. Pages Jaunes détient certains des principaux médias locaux en ligne au Canada, notamment PJ.ca , Canada411 et 411.ca , ainsi que les applications mobiles PJ, Canada411 et 411, de même que les annuaires imprimés Pages Jaunes. Pour plus d’information, visitez notre site Web au https://entreprise.pj.ca . Personnes-ressources :Investisseurs Franco SciannambloPremier vice-président et chef de la direction financièreinvestisseurs@pj.ca Médias Treena CooperPremière vice-présidente, Secrétaire et conseillère juridique principalecommunications@pj.ca Pages Jaunes Limitée déclare un dividende en trésorerie et confirme le remboursement intégral de ses débentures échangeables.

  • Q4 2014 and Full Year 2014 Financial and Operational Results

    Back to News 12 février 2015 Résultats financiers et opérationnels du 4e trimestre de 2014 et de l'année entière Ajouter à mon agenda Rapport de gestion (309,8 Kio) États financiers (347,1 Kio) Complément d'information (en anglais) (297,6 Kio) Fiche d'information (715,5 Kio) Webdiffusion de la conférence téléphonique (en anglais) Retour aux événements Événements

  • Toronto New Relic User Group

    Back to News 28 septembre 2015 Toronto New Relic User Group - en anglais seulement Ajouter à mon agenda Retour aux événements Événements

  • Financial Executive Forum 2015

    Back to News 25 novembre 2015 Forum de la direction financière Ajouter à mon agenda Retour aux événements Événements

  • Management's Discussion and Analysis

    Back to Events ​ Management's Discussion and Analysis Add to my Calendar Back to Events Events

  • Q1 2022 Financial and Operational Results

    Back to Events May 11, 2022 Q1 2022 Financial and Operational Results Add to my Calendar Management's Discussion and Analysis (211.8 KB) Financial Statements (186.7 KB) Supplemental Disclosure (6.2 MB) Webcast of the Conference Call Back to Events Events

  • YP Digital Breakfast (with Google) - Vancouver

    Back to Events May 28, 2015 YP Digital Breakfast (with Google) - Vancouver Add to my Calendar Back to Events Events

  • Supplemental Disclosure

    Back to Events ​ Supplemental Disclosure Add to my Calendar Back to Events Events

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