Key facts about IVE Group Limited's interim performance

IVE Group Limited (ASX: $IGL) has reported a solid interim performance for the half year ended 31 December 2023. The company's net tangible assets per security and dividend amount per security have been disclosed in the Appendix 4D. The Independent Auditor's Review Report provided by KPMG is included in the IVE Group Limited Interim Condensed Consolidated Financial Report for the half year ended 31 December 2023.

Executive commentary on IVE Group's performance and strategy

IVE Group's vision and purpose is to maintain and grow a highly respected, strong, and sustainable business for all key stakeholders. The company's strategy to improve revenue diversification and strengthen earnings resilience has been successful, with the completion of the Ovato integration and JacPak acquisition contributing to a solid interim performance. IVE Group has led sector innovation and consolidation, positioning itself as Australia's largest and most diversified integrated marketing communications company. The company's diverse value proposition and market-leading positions across various segments have resulted in a resilient business with diversified revenue streams and an extensive client base.

Summary of IVE Group's outlook and guidance

IVE Group reaffirms its FY24 underlying earnings guidance range and expects the impact of the JacPak acquisition to be incorporated in the updated guidance. The company's balance sheet remains strong, providing the capacity to fund strategic initiatives, including organic packaging expansion, growth across the Lasoo platform, and further investment in the breadth and depth of IVE's Content Creation offering. The Group's dividend policy remains unchanged, targeting a full-year payout ratio of 65-75% of underlying NPAT.