IVE Group delivers $36.7m profit following Coles’ decision to cease catalogue delivery

August 25, 2020 3:28

IVE Group, the parent company of printing and distribution brands including Blue Star and Salmat, now rebranded under the IVE umbrella, has delivered a $36.7m profit for the 12 months ended 30 June 2020 (FY20).

IVE Group executive chairman Geoff Selig said the result, a 6.3% drop on the previous year, proved the business responded as well as possible to the COVID-19 pandemic.

IVE Group will take a hit of up to $40m as Coles ends its catalogue delivery to homes, but retains the magazine and instore catalogue account

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Hannah Blackiston

Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

Topics

Geoff Selig IVE Group IVE Group Limited Matt Aitken Salmat Salmat Marketing Solutions

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IVE Group delivers $36.7m profit following Coles’ decision to cease catalogue delivery

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