Bungay-based Clays owner continues to seek efficiencies
PUBLISHED: 13:01 02 August 2012
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The owner of Bungay printer Clays said it continued to seek efficiencies in its print business to mitigate against the price pressure and structural changes affecting the demand for print.
In a trading update today, St Ives said that its full year results, which will be published in October, will be in line with current market expectations.
It said that a significant print contracts had been renewed during the year in addition to further new business wins.
“Overall, our market leading Book, Point-of-Sale (POS) and Exhibition and Events businesses have continued to gain market share,” the statement said.
“Our Marketing Services segment continues to develop in line with our plans, and our acquisitions have integrated well into the group. We have invested in these businesses to strengthen and develop their propositions and to enhance cross-selling opportunities.
“Our balance sheet is robust and the Group’s financial position remains strong.”