Partly Cloudy

Partly Cloudy

max temp: 21°C

min temp: 11°C

ESTD 1874 Search

Bungay: Clays parent group St Ives reports growth in sales and margins

10:00 18 June 2014

The Clays book printing operation in Bungay.

The Clays book printing operation in Bungay.

Print and marketing services group St Ives today reported a 7.5% increase in reveue for the first four months of its new financial year.

shares

Group-wide sales for the 17 weeks to May 30 totalled £106.8million, with the increase attributed to organic and acquisition growth within its marketing services business of 6.4% and 37.8% respectively.

“We continue to benefit from our repositioning strategy as we build a range of added value marketing services whilst exiting the commoditised print markets,” said St Ives in a trading update.

“Group operating margin has improved versus the prior year and should continue to do so as the revenue mix changes in line with our strategy.”

St Ives said all of its marketing services businesses had deliverted a strong performance during the period, with recent acquisitions Realise Digital (a digital marketing business acquired March 2014) and Hive Health (a healthcare communications business acquired last month) both being successfully integrated into the group.

Total revenue in print where the group’s interests include Bungay-based book printer Clays, a member of the EADT/EDP Top100 was lower than the equivalent period last year, although this was due primarily to the sale of the group’s direct mail printing business last October. However, on a like-for-like basis, excluding the effect of the disposal, revenue grew by 7.9%.

“Our focus continues to be on ensuring we target new print business where service and quality are important requirements, rather than commoditised volumes which are differentiated on price alone,” St Ives said.

“We have successfully restructured our print operations and will continue to invest in the remaining businesses to improve the range and quality of the services we offer to our customers.”

Looking ahead, the group added: “St Ives’ financial position remains strong and we are very pleased with the progress we have made to reposition the group in what has been a challenging trading environment.

“The group is well placed to continue improving its financial performance through investment for organic growth and targeted acquisitions to further expand our marketing services offering.”

shares

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

Development of Sizewell C took a huge step forward today as the companies were announced that will build its sister nuclear power station in Somerset.

Gary Allen, operations manager,  with Diane Allen and Graham Allen at Ipswich-based Ajax Domestic Spares which is celebratiing 40 years in business.

Ajax Domestic Spares has marked 40 years in business in style by launching a new showroom in Foxhall Road, Ipswich.

Lloyds has added £1.4billion to its bill for compensating customers mis-sold payment protection insurance.

State-backed Lloyds Banking Group’s provision for payment protection insurance mis-selling has topped £13billion after it yesterday took another £1.4billion hit over the scandal.

The Great House restaurant with rooms in Lavenham.

An award-winning Suffolk restaurant has gained another accolade after being ranked the 26th best in the country.

Gavin Patterson, chief executive of BT.

Photo: BT

BT is to pay out up to £129million to extend the Government-led roll-out of superfast broadband, after a bigger-than-expected take-up of the service.

Centrica has reignited controversy over high energy bills by announcing a 44% increase in first half profits at its British Gas retail division.

Energy giants Royal Dutch Shell and Centrica today revealed plans to axe a total of more than 12,000 jobs.

The Willis building in Ipswich.

Around 200 people are to lose their jobs at the Ipswich office of global insurance broker and risk management group Willis.

Christopher Hayman of Hayman Distillers with his children Miranda and James.

Essex gin maker Hayman Distillers is celebrating after winning a Gold award at this year’s International Wine and Spirits Competition (IWSC).

Bakery chain Greggs saw like-for-like sales rise 5.9% in the six months to July 4.

Higher breakfast sales and a bigger range of healthier products helped Greggs grow underlying profits by 51% in the first half of the year.

Barclays chairman 

John McFarlane.
Photo: VisMedia

Barclays boss John McFarlane today signalled plans to ramp up growth, squeeze costs and streamline the business after announcing a 25% rise in first half profits.

Most read

Most commented

Topic pages