IVE shows it has a great road ahead
Stock
IVE Group (ASX:IGL) $2.25 as at 21/08/2018Event
Marketing firm IVE group (ASX:IGL) showed a messy set of numbers in their full year results today, well below market expectations but the miss was driven by some timing issues more so than poor performance. The company, which produces marketing & promotional material, showed revenue growth of near 40%, while EBITDA jumped 32% to $73.2m yet still well below analysts’ expectations. The stock is mostly unmoved today, despite what looks to be a miss. The company talks up the continued benefit of synergies across the business, and the impact of a full year contribution of their Sydney facility – which has now been running for just 6 months.
The dividend was solid, and the company still has free-cash-flow after final dividend is paid – great news for our income portfolio.
IVE Group (IGL) Chart
