ASX-listed print and marketing group IVE reported revenue of $656.5 million for the financial year ended 30 June 2021 – down 3.1% on the previous year - with net profit after tax of $30.2 million (when including Jobkeeper) or $19.9 million (excluding Jobkeeper).


geoff selig IVE
    "Unprecedented volatility and
  uncertainty": Geoff Selig CEO IVE

“Given the year of unprecedented volatility and uncertainty, I acknowledge the capacity of our people and business to respond to the pandemic by coming together as one and committing to go above and beyond to service our clients and care for each other,” said IVE Group executive chairman Geoff Selig.

Total revenue for the Group for FY21 was $656.5m, which included the acquisition revenue for Salmat Marketing Solutions (now IVE Distribution) and Reach Media of $99.0m. Earnings before tax of $100.2m included the net benefits of JobKeeper of $14.9m.

“The year was impacted across a number of areas of our business, primarily reduced revenue, as the COVID-19 pandemic engulfed the world, impacting the domestic economy and our clients in a variety of ways,” IVE told the ASX. “Fortunately, IVE moved quickly at the outset of the pandemic in Q4 FY20 to implement a broad range of measures to protect the safety and wellbeing of our valued staff, and this continued throughout the FY21 full year.

“Under challenging circumstances, our entire workforce of circa 1,600 staff under the leadership of our CEO Matt Aitken, continued to respond by coming together and committing to do whatever was required to ensure we continued caring for each other and maintaining high levels of service to our clients.

ive presentation 2021 results

“The Company qualified for the Federal Government's JobKeeper Program based on the year on year revenue reduction measured at April 2020. The JobKeeper subsidy of $14.9m was received up until the end of September 2020 (Q1 FY21).

“Notwithstanding the impacts of reduced revenue, and as a result of the skill and commitment of our people, the Company exceeded full year earnings guidance ($98-$100m EBITDA), posting a $100.2m EBITDA result, improved margins over PCP, resulting in an 8.4% growth in earnings per share (EPS) excluding JobKeeper over PCP.

“The divestment of our outbound call centre business IVE Telefundraising was completed on 30 October 2020. Consideration was $16.5m, which resulted in a profit on sale of $4.2m.

"We entered into a long-term contract with Australian Community Media (ACM) on 30 October 2020, with expected revenues of circa $100m over the five-year term. To support ACM’s requirements, and further enhance service to clients, we acquired selected assets of ACM’s web offset operation in WA for a purchase consideration of $2m.”

The directors declared a final dividend of 7.0 Australian cents per share, fully franked, to be paid on 14 October 2021 to shareholders on the register at 15 September 2021.


“Given the ongoing COVID-19 disruption, we are not able to provide specific FY22 guidance at this time,” IVE said. “Importantly, we highlight the resilience of the IVE business over the last 18 months. The Company expects this resilience to continue during this current period of COVID-19 disruption.”

IVE’s Retail Display division offers POS and window displays, wide format print, fit-outs, pop-ups, and internal and external signage.


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