Australia's IVE Group extends gains on buying Impressu; Bell Potter hikes PT

Dominos Pizza Enterprises

04/11/2025 01:10

** IVE Group IGL.AX rises 5.3% to A$3.01, highest level since September 8

** Stock extends gains to second session after co's deal to buy Impressu Print Group and Budget Mail Services from Domino's Australia operator DMP.AX on Monday

** Marketing company also signs long-term marketing services agreement with Domino's Pizza Enterprises; expects more than A$80 mln (~$52 mln) in revenue during initial term

** Bell Potter hikes PT by 5% to A$3.25 post deal

** Raises underlying EBITDA forecasts by 1%, 3% and 4% for FY26, FY27 and FY28, respectively

** YTD, IGL gains ~43%

($1 = A$1.5389)

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))