Business
Volatility in demand 'increasing pressure on margins' at St Ives
Volatile conditions in the magazine sector are putting margins under pressure at print giant St Ives, the company has said.
In an interim management statement released this morning, the group said that while total sales for the 13 weeks to 31 October were up 3% on last year, "rising input costs, combined with volatility in demand, are increasing pressure on margins".
Painting a mixed picture of the current environment for the industry, the London Stock Exchange listed company said that point-of-sale demand continues to be buoyant but the outdoor media market is subject to short notice cancellations.
"Overall the economic outlook remains uncertain," the statement said.
St Ives also maintained that its continued strategy of cross-selling products within its group partially mitigated the effects of the volume fluctuations.
St Ives: point-of-sale demand still 'buoyant'
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Comments
- 01 December 2008
St Ives are being `hit` by suicide pricing from the competition and a massive `drop` off in demand!
Plenty of cash needed in this turbulent market.
Good luck in the battle of surviva.
Colin Thompson
Cavendish
www.cavendish-mr.org.uk
Ian T. Cooper - 01 December 2008
Great results considering dire market conditions. They are well place to be "last man standing"
Tanya Miller - 02 December 2008
Because in the end, there can be only one.
John Graham - 03 December 2008
Well last 3 standing at the top end....St Ives Prinovis and Polestar, they have more or less carved up the market between them now and will pick off the smaller guys next year. Look at what has happened in the last 3 years the big 3 have mopped up most of the contracts as Q and others failed !!
The Mighty wind - 03 December 2008
of those three only one is standing the other two are barely able to kneel. Prinovis would like to retrench back to the fatherland and polestar are trying to see above the trench they dug for themselves
Ian T. Cooper - 04 December 2008
And now you may soon find out that Barry has found another step ladder to enable him to climb out the trench. What a survivor!
The Mighty wind - 04 December 2008
[quote user="Ian T. Cooper"]
And now you may soon find out that Barry has found another step ladder to enable him to climb out the trench. What a survivor!
[/quote]
yes debt for equity he must be a hellluva salesman. Now internal consolidation?
Mark Snee - 04 December 2008
I'm no banking expert, but just maybe it's better for a bank to be holding equity than debt, and certainly much easier to off-load in the market.
Where can I buy some Polestar shares.......?
Ian T. Cooper - 04 December 2008
Banks only took shares because there was no chance of any of the debt being repaid.
I wonder what that nice Mr Brian Edwards of St Ives has to say about this. Perhaps words such as "Oh dear"
The Voice of Reason - 04 December 2008
blimey you lot, help me out in the polecat thread, why dont you?
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