St Ives posts 10.3% rise in underlying revenue to £327.4m
St Ives, the marketing services and print group, has posted a 10.3% rise in underlying profit to £327.4m for the 52 weeks ended 27 July 2012.
The figure was contained in the firm’s year-end financial results which also registered increases in profit (up 15.9% to £24.2m) and dividends (up 9.5% to 5.75p per share) as the firm moves to build its marketing services offering whilst moving away from the commoditised print markets.
Commenting on the results chief executive Patrick Martell said: “We have made continued progress in our transformational plan to build a substantial and broadly-based marketing services offering whilst moving away from commoditised print, and this has resulted in a significantly improved financial performance.
“We have successfully integrated our three new Marketing Services acquisitions and are pleased with how they have performed to date.
“St Ives’ future is in selling services that enable organisations and brands to deliver effective marketing, and in developing differentiated customer propositions which use a range of the capabilities from across the Group. Trading conditions remain difficult, but we are in a strong financial position and will continue to invest to realise growth opportunities, to improve operational efficiencies, and to develop the business for the long term benefit of our shareholders.”