Highlights •Revenues increased by $280.2 million, or 58.7%, from $477.7 million to $757.9 million, mainly as a result of the transformational acquisition of Coveris Americas completed on May 1, 2018. This increase was slightly mitigated by the sale of our local and regional newspaper media assets in Québec and the sale of the printing activities of our Fremont, California, plant. •Operating earnings decreased by $28.6 million, or 41.9%, from $68.2 million to $39.6 million. Adjusted operating earnings, which exclude restructuring and other costs (gains), impairment of assets, amortization of intangible assets and the reversal of the fair value adjustment of inventory sold arising from business combinations, increased by $10.5 million, or 14.2%, from $74.2 million to $84.7 million. Click Read More below for additional information.
Print businesses including Banner Managed Communication, Capita Business Services and Critiqom (formerly Document Outsourcing) are among 37 suppliers to a mammoth new pan-government postal goods and services framework.
The framework, which is valued at between £400m and £11.5bn over the four years, is the result of a collaboration between Crown Commercial Services (CCS) and members of the Pro5 Yorkshire Purchasing Organisation and Eastern Shires Purchasing Organisation.
It is split into seven lots, including: collection and delivery; on-site hybrid mail solutions; off-site hybrid mail solutions; international mail services; franking machines and mailroom equipment; on-site in-bound mail solutions and off-site in-bound mail solutions.
Suppliers appointed to both the on-site and off-site hybrid mail solutions lots include Banner Managed Communication (BMC), Canon (UK), Computershare Investor Services, Financial Data Management, Neopost, Pitney Bowes, Ricoh UK, Whistl UK (formerly TNT Post UK) and Xerox UK.
Catherine Burke, managing director of BMC, said: “Places on public sector frameworks are much sought after and the qualification and selection process is extremely rigorous.
“BMC’s appointment to these two lots is testament both to the quality of our hybrid mail solutions and to the diligence of our bid team. We welcome the direct access nature of the framework, which means that we have the opportunity to engage on a one-to-one basis with key public sector decision-makers, to demonstrate the benefits of BMC’s solutions.”
Other print suppliers appointed to the off-site hybrid mail solutions lot (but not the on-site) included Capita Business Services, CFH Docmail, Critiqom, Financial Data Management, GI Solutions Group and Synertec.
read more/source: http://www.printweek.com/print-week/news/1150953/government-awards-gbp115bn-postal-goods-and-services-framework?utm_content=&utm_campaign=200415_PWdaily&utm_source=PrintWeek&utm_medium=adestra_email&utm_term=http%3A%2F%2Fwww.printweek.com%2Fprint-week%2Fnews%2F1150953%2Fgovernment-awards-gbp115bn-postal-goods-and-services-framework