Trading Statement

RNS Number : 7121O

St. Ives PLC

11 August 2014

 



11 August 2014                                    

St Ives plc ("St Ives" or the "Group")

Year end trading update

St Ives, the UK's leading marketing and print services group, is today providing a year end trading update ahead of the announcement of its full year results which will be released on 7 October 2014.

The board is pleased to report that the results for the financial year ended 1 August 2014 are expected to be in line with current market expectations.

As previously reported, trading across our Marketing Services segment has continued to be strong and significantly ahead of the equivalent period last year. The segment continues successfully to extend its range of services, primarily through acquisition. The integration of the recently acquired businesses, Realise (a digital marketing agency acquired in March 2014), and Health Hive (a healthcare communications business acquired in May 2014), is progressing well. As planned we continue to invest in additional headcount, both in the UK and internationally, to support our plans for growth in this segment over the medium term.

Despite difficult trading conditions for Print Services, we are pleased that we will be able to deliver like-for-like revenue growth across this segment. Having successfully restructured our Print businesses, we will continue to invest in the remaining businesses to improve the range and quality of the services that we offer to our clients. Our focus continues to be on ensuring that we target additional volume where service and quality are important requirements for the client, rather than commoditised volumes which are differentiated on price alone.

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For further information contact:

St Ives plc                                                         020 7928 8844

Matt Armitage, CEO

Brad Gray, CFO

MHP Communications                                     020 3128 8100

John Olsen / Giles Robinson / Gina Bell

 

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