Tuesdata: Don't mention the printing press
Welcome to Tuesdata, written for Unmade’s paying members.
Today: IVE Group delivers strong results but how much of the profits for this “diversified integrated marketing communications company” actually still comes from print? And a bad day on the Unmade Index.
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IVE holds the press
Considering it’s the biggest printer in the country, IVE Group sure doesn’t like to boast about it.
The casual reader of today’s financial year results update, or listener to the analysts’ briefing call, could have been forgiven for overlooking its print roots altogether.
Indeed, IVE Group’s annual report, also published today, only includes the word “printing” 14 times within its 155 pages. The word “marketing” gets 20 mentions. Not a single picture of printing presses, shiny or otherwise, features anywhere in the annual report.