IVE Delivers Solid Results In A COVID-19 Impacted Year

IVE Delivers Solid Results In A COVID-19 Impacted Year
B&T Magazine
By B&T Magazine
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IVE Group (IVE) has today announced its results for the 12 months ending 30 June 2020 (FY20).

IVE earned $691.5M revenue, with a $76.6M EBITDA and $36.7M NPATA.

Commenting on the Company’s FY20 performance, IVE Group Executive Chairman Geoff Selig (pictured) said: “Notwithstanding the extent and speed with which the COVID-19 crisis impacted their personal and professional lives, our entire workforce of 1700 staff responded together as one.

“They committed to do whatever was required to maintain a safe workplace, and ensure we continued delivering high levels of service to our clients. Under the circumstances, I don’t believe we could have responded any better to the impacts of COVID-19, and I thank our leadership team and all of our staff for their efforts and commitment during the year, particularly the last 6 months.

“I am very pleased with the performance of the business over the last year and the underlying strength of our financial position.”

The Year Ahead IVE believes its investment and diversification strategy over the last decade to be sound, and has confidence that the value proposition it takes to market places the company in a flexible position to adapt to potential movements in client expectations during a post COVID-19 world.

Commenting on the year ahead, IVE Group Chief Executive Officer, Matt Aitken said: “IVE entered the COVID-19 crisis in a position of strength, with the company responding very well on all fronts to the unprecedented and volatile operating environment.

“The company remains well capitalised, highly liquid, and confident that we are ideally placed to maintain our strong market position as we emerge from this period of uncertainty and disruption”.

 

 

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