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$21.3 million in new capital investment for Blue Star Print Group

Friday, 29 August 2003
By Print 21 Online Article

Keith Brodie CEO said, “Overall operational results from BSPG’s 15 business units were on a par with the previous 12 months. This is a pleasing result given that the marketplace, particularly in Australia was extremely competitive.”

Operating revenue of $296 million and EBITDA of $32.4 million for this financial year is compared to revenue of $293 million and EBITDA of $33.5million in the previous year.

The company, which is privately owned with substantial management shareholding, reports that it generated cash flow from operating activities, net of interest and tax payments, of $21.2MIL, almost exactly matching new capital investment for the year of $21.3MIL.

Significant projects included:

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

Blue Star Print Group describes itself as a multi-disciplined print and marketing communications provider operating business units throughout Australia and New Zealand. The Group is headquartered in Auckland and employs approximately 1100 staff.

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