St Ives results
Service Graphics’ re-focussed parent St Ives Group has shown underlying pre-tax profit up 17.4% to £20.9m on underlying revenue up 1.8% to £296.8m for the year to 29 July 2011.
The figures are before non-underlying items which include restructuring costs and operating results of non-continuing operations. The group sold its magazine division in April. It also made various acquisitions to grow its marketing services business, with the purchase of Tactical Solutions in February and Response One and Pragma since the year end.
Commenting on the results, chief executive, Patrick Martell said: “The last year has seen significant and important strides forward for St Ives. We have continued to reposition the group by strengthening our position in marketing services whilst organically growing our added value services. The sale of the magazine printing business and the acquisition of three further marketing services businesses have significantly changed the shape of the Group. The additional capabilities in marketing services will enhance our overall offering and complement our existing print operations.”
St Ives now has a total of 14 divisions including large-format digital print and display production company Service Graphics