max temp: 15°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.


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.”



Welcome , please leave your message below.

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

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

From left, Michael Francis, store manager, Colchester, Robert Smith, dealer principle, Colchester and Norwich, and  Emmanuel Greffier, store manager, Norwich with the Bang & Olufsen UK Partner of the Year trophy.

The team at the Bang & Olufsen store in Colchester is celebrating after beating off competition from 60 other dealerships to be named as the audio equipment firm’s UK Partner of the Year.

B&Q in Anglia Retail Park will close by 2017.

Home improvement giant B&Q is set to close one of its biggest Suffolk stores - at Anglia Retail Park on the edge of Ipswich, it can be revealed.

The Nestle Purina site in Sudbury

A Sudbury pet food factory is under increasing pressure to tackle foul odours as it is revealed an environmental regulator recorded 40 stench complaints since last month.

Kelly-Anne Byres of Poppy Nursing and Care Services.
Picture: Stephen Waller  www.stephenwaller.com

Five businesses and organisations from Suffolk and north Essex have been named among the finalists in the 2015 East of England Business Champions awards.

Ipswich Building Society general sales manager Jo Leah and her friend Libby Smith, also from Ipswich,preparing for their charity challenge involving a 100km trip down the Zambezi River.

A executive from Ipswich Building Society will today be starting a challenge to travel 100km along Africa’s Zambezi River in aid of a local charity.


Fairline testing facility at Ipswich.

The new owner of Fairline Boats has expressed confidence in the business, despite laying off more than 100 of its production staff.

Mark and Tessa Riley, of Riley and Riley Jewellers in Ipswich, were runners-up in the Ipswich Independents business competition.

The finalists in the Ipswich Independents Award 2015 have been announced.

The Saints area in Ipswich town centre has been ranked as one of the best high streets in Britain as part of the Great British High Street Awards 2015.

Shopkeepers say the prestigious recognition means Ipswich can now rival Bury St Edmunds and Woodbridge as top shopping destinations.

Investigatory work ahead of the East Anglia ONE wind farm continues on the River Deben

Investigatory drilling work is continuing on the River Deben ahead of the construction of the East Anglia ONE offshore wind farm.

Alex Fairfull, managing director of Suffolk Installers in Needham Market.

More than 300 jobs in Suffolk and north Essex are at risk due to a proposed cut in Government support for solar energy, an industry organisation has claimed.

Most read

Most commented

Topic pages