St Ives has sold its Books unit. That was the last physical print business that St Ives owned. The group is now a pure services business and over 90% of EBIT is derived from Strategic Marketing. The remaining piece is a print management services unit that we expect to be sold given the likely healthy interest. While there is a dilutive effect on earnings from the disposal the business has become far more attractive and is likely to gain a better reception from investors. Both explicit growth for ....
08 May 2018
The end of printing for St Ives
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The end of printing for St Ives
Kin and Carta Plc (KCT:LON) | 130 0 0.0% | Mkt Cap: 230.6m
- Published:
08 May 2018 -
Author:
Johnathan Barrett -
Pages:
3
St Ives has sold its Books unit. That was the last physical print business that St Ives owned. The group is now a pure services business and over 90% of EBIT is derived from Strategic Marketing. The remaining piece is a print management services unit that we expect to be sold given the likely healthy interest. While there is a dilutive effect on earnings from the disposal the business has become far more attractive and is likely to gain a better reception from investors. Both explicit growth for ....