Sunny

Sunny

max temp: 8°C

min temp: 5°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

Suffolk cider and vinegar maker Aspall was named Business of the Year at last year's EADT Business Awards.  From left, Tom McGarry of EDF Energy, Barry Chevallier Guild of Aspall and Sarah Howard,  of SuffolkChamber.  	
Picture: Lucy Taylor

There is now less than a week to go to enter the 2015 East Anglian Daily Times Business Awards.

Total unemployment in the UK has reached a near seven year low, official figures showed today.
Photo: Philip Toscano/PA Wire

Unemployment in the UK has continued to fall and a record 31million people are in now work, according to the final labour market figures before the General Election.

The Nestle Purina plant in Sudbury.

KitKat, Nescafe and Shredded Wheat maker Nestlé said today that first quarter sales had been boosted by an earlier Easter, but with growth dented by currency changes after the Swiss central bank’s shock decision to lift a cap on the franc.

The B&Q store on the North Quay Retail Park in Lowestoft which is closing in January 2016. Picture: James Bass

DIY chain B&Q has announced its Lowestoft store will close at the start of next year, with reportedly 40 jobs being lost.

The team at Ipswich-based software company IJYI.

A start-up software business in Suffolk has secured a place on a Government panel allowing it to bid for the delivery of cloud technology services across the public sector.

Bury town centre on market day.

People are being asked for their views on Bury St Edmunds town centre to find out how it is performing and any improvements that can be made.

WH Smith today reported a strong first half for its travel stores.

WH Smith grew sales at its travel-based stores amid a surge in air passengers while its high street network saw a decline due to a tough books market, half-year results showed today.

The Debenhams store in Ipswich.

Department stores chain Debenhams today reported a 4% rise in half-year profits, helped by a tighter grip on promotions.

Alesha and Jonathan Gooderham at Snape Maltings.

The corporate team at regional law firm Birketts has been congratulated on its role in the acquisition of the Snape Maltings complex by the Aldeburgh Music Endowment Fund.

Hoseasons has reported increased spring bookings on the Broads.

Lowestoft-based holidays company Hoseasons has continued its bumper start to the year with a spring surge in bookings on the Broads.

Most read

Most commented

Topic pages