Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Blue Star Print Group Delivers Solid Performance


Blue Star Print Group Delivers Solid Performance

For the year ended 30th June 2003, Blue Star Print Group (BSPG) achieved operating revenue of $296.1MIL and EBITDA of $32.4MIL compared to revenue of $293.0MIL and EBITDA of $33.5MIL in the previous year.

Whilst revenue was slightly up on year ago, EBITDA was slightly down due to restructuring costs and the appreciation during the year of the New Zealand dollar against the Australian dollar which negatively impacted the translation for Australian sourced earnings.

BSPG's CEO Keith Brodie stated "Overall operational results from BSPG's fifteen Business Units were on a par with the previous twelve months. This is a pleasing result given that the marketplace particularly in Australia was extremely competitive.

BSPG generated cashflow from operating activities, net of interest and tax payments, of $21.2MIL, and new capital investment for the year totalled $21.3MIL. Significant projects included the following:

* Three new sheetfed presses into business units in Auckland, Sydney and Melbourne.

* New label press in Auckland.

* Additional heatset capacity at Webstar New Zealand.

* The introduction of Computer to Plate (CTP) technology into four business units meaning seven business units now operate CTP technology.

* The installation of a Rotoman heatset web offset press into Webstar Australia, Webstar's third press installation since startup in January 2002.

BSPG Background

Blue Star Print Group is a multi-disciplined print and marketing communications provider operating business units throughout Australia and New Zealand. The Group, a privately owned company with substantial management shareholding, is headquartered in Auckland. Current turnover is $296.0MIL (year ended 30 June 2003) and BSPG employs approximately 1100 staff.

Blue Star Print Group's business units offer a substantial range of pre-media, print and logistics capabilities.

Customers can access the specialist services of an individual business unit, or draw upon the collective skills of all of BSPG as a total integrated solution.

BSPG's Business Units

* Securacopy

* Format

* PrintLink

* McCollams

* Techniche New Zealand

* Nicholson Print Solutions

* Webstar New Zealand

* Rapid Labels

* Techniche Australia

* Prologix Australia

* Dunham Bremmer Australia

* Link Printing

* Kings

* Webstar Australia

* Craftsman

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: