Stream Solutions adds further ANZ contract to blue-chip client wins

The promotional work is in addition to Stream’s print management contract with ANZ, and comes as parent group Toll announced its full-year results.

Over the full year, Stream won a contract renewal with The Westpac Group, which also includes St George, BankSA and Asgard, along with print management contracts for Optus and Virgin Mobile.

Stream’s most high-profile loss was the $10m Centrelink contract, which went to Ergo Asia.

Stream general manager Andrew Price (pictured) called the ANZ promotional contract “an important step for Stream Solutions as we continue to develop our end-to-end supply and logistics solution for our customers”.

“This contract acquisition with our longstanding business partner, ANZ Bank, allows Stream to further strengthen our market position and enhance our product offering and range of goods and services.”

Stream is part of Toll’s Global Express division, along with Toll Ipec, Toll Priority, Toll Fast and Japanese logistics company Footwork Express, which was acquired in this financial year.

Revenues were up $489m at Global Express, though this included $510m contributed by Footwork Express. Ignoring this acquisition, Global Express revenues were down $21m (1.6%) to $1.28bn, which was blamed on the “sluggish retail sector”.

Earnings before interest and tax (EBIT) were down $4m (2.9%) to $134m. Ignoring Footwork Express, EBIT was down $12m (8.7%).

Results for Stream Solutions were unavailable because Toll does not report figures for individual companies.

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