Novus takes a ‘wait and see’ approach to post-Covid market
Cash position up 40% from the end of March after printing group cuts capital expenditure
12 November 2020 - 09:28
UPDATED 12 November 2020 - 16:20
Printing and manufacturing group Novus, which recently suffered its worst annual results in its 115-year history, says it has managed to improve its cash position as it battles to adapt to weak economic conditions and shifts in advertising trends.
The group moved to cut staff and sell assets as the pandemic took its toll on the print industry, with customers announcing magazine closures or battling to pay their debts...
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