News - Full Year Results 2015

News - Full Year Results 2015

6th October 2015

Full Year Results for the 52 weeks ended 31 July 2015

This has been a very good year for St Ives, with a strong financial performance driven by further growth from our Strategic Marketing businesses.

The extent of the growth in collaboration between our businesses, and the increase in international activity for our clients, is clear evidence that our strategy is working. At the same time, we have made two further acquisitions with both Solstice and, more recently, FSP adding important new strategic capabilities to our offering.    

The new financial year has started in line with our expectations, and we continue to invest in our higher margin Strategic Marketing activities. Assuming current market conditions continue, we are confident that we will make further strategic and financial progress during the year ahead.

Key highlights include:

  • Underlying revenue up 5% to £344.6m (£327.6m in 2014) and underlying profit before tax up 10% to £33.0m (£29.9m in 2014)

  • Strong financial performance for the year, reflecting further growth in Strategic Marketing which contributed 46% (2014 – 37%) of underlying operating profit

  • Strategic progress across all three drivers of growth:

     - Further increase in collaboration, with over 100 clients using services of more than one Group business (2014: 82), including Johnson & Johnson, Carlsberg, Royal Mail and Pizza Express

    - Continued international growth, with Incite opening an office in Shanghai and Amaze winning its first major e-commerce project from its new Chicago office; over 30% of Strategic Marketing revenue is now generated from clients based outside UK

    - Further carefully screened acquisitions: Chicago-based Solstice Mobile (“Solstice”), a mobile-first marketing & technology business, acquired in March 2015 and integrating well; and Fripp, Sandeman and Partners (“FSP”), a specialist retail property consultancy, acquired since year-end.

  • Strong financial position provides scope for further acquisition of complementary Strategic Marketing businesses

  • Full year dividend increase of 9%

Download the presentation on this page or read the full LSE statement here.

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Matt Armitage, CEO

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  • This has been a very good year for St Ives, with a strong financial performance driven by further growth from our Strategic Marketing businesses.

    Matt Armitage, CEO, St Ives plc

  • The extent of the growth in collaboration between our businesses, and the increase in international activity for our clients, is clear evidence that our strategy is working.

    Matt Armitage, CEO, St Ives plc

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