Ovato CFO Andrew Stedwell moves on
Ovato CFO moves on after 10 months in the job and is replaced by the company’s former GM of Finance, Ian Jones
22 November, 2021Posts Tagged: Ovato
Ovato posts $67.1m net loss, print now the ‘singular focus’
Ovato CEO James Hannan points to ongoing transformation as FY21 results show an improved net loss as print production takes centre stage
31 August, 2021ACCC approves Ovato business sale to Are Media
The ACCC has approved the sale of Ovato’s retail distribution business to magazine publisher, shareholder and client, Are Media, with NZ regulator approval expected soon
3 August, 2021
Ovato shareholders vote yes on sale of retail distribution arms
Ovato shareholders have approved the sale of the company’s A/NZ retail distribution businesses to shareholder, Are Media, as it continues to refocus on print
20 July, 2021Ovato to close residential distribution business as letterbox volumes continue to decline
Ovato has announced it is closing down its residential distribution business in Australia on July 30, 2021 due to a COVID-19 induced downturn in letterbox volumes as it continues to sharpen its focus on print
6 July, 2021Ovato EGMs to approve non-print business sales to Are Media & Hannans
Ovato shareholders will soon vote on selling the company’s A/NZ retail distribution businesses to Are Media and its marketing divisions to a Hannan business
1 July, 2021
Ovato sheds senior managers as focus shifts back to print
Ovato makes more senior changes as it shifts back to being a more print-focused business as part of the restructure plan
15 June, 2021
For sale: Ovato’s Geebung site on the market
A 28,000 square metre factory site in Brisbane which houses Ovato’s Queensland operation and is owned by a property trust linked to Ovato chairman, Michael Hannan, is on the market
4 May, 2021Ovato revenues down 28.2% in COVID hit half
Ovato posts a $9.7m net loss with EBITDA before significant items at $22.3m including $18.3m in JobKeeper payments
1 March, 2021
Woolworths in print for “foreseeable future”
Woolworths says it is committed to print for the foreseeable future, despite putting its catalogue temporarily on ice in certain areas
25 January, 2021
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