Media ReleasesIVE Group

View All IVE Group News


IVE Group - Business update and FY21 full year guidance


Further to the release of the Company’s H1FY21 results on 25 February 2021, IVE Group Limited (IVE Group or The Company, ASX:IGL) today provides a business update and earnings guidance for the Full Year to 30 June 2021.

Revenue and Customers

In our H1FY21 results, the Company highlighted $30m of annualised new business revenue. New business momentum has continued across the Group throughout H2.

- revenues for the 5 year Australian Community Media (ACM) contract of circa $20m per annum will be fully transitioned into the business by June 30 2021
- Spotlight Retail Group has now been fully on boarded as a significant letterbox distribution client in both Australia and New Zealand

The Group’s strong track record of revenue retention has continued during H2 with a number of contract renewals. The most significant renewals were in our Integrated Marketing Division with the retention of L’Oréal and Westpac Banking Corporation (Westpac).

Westpac have renewed for a further 5 years with an estimated annual contract value of $20m per annum. 

For more information, download the attached PDF.

Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.