Transcontinental Ends Fiscal 2013 with a Steady Performance

"In fiscal 2013, considering the profound transformation that is ongoing in our industry, we have delivered strong results that reflect the excellence of our manufacturing know-how and our new product and service development efforts," said François Olivier, president and CEO. "I am especially proud of the solid performance delivered by our Printing Sector which increased its adjusted operating income by 12 percent, or $23 million, making 2013 a record year for this operating segment. These results are due in large part to the successful integration of Quad/Graphics Canada's operations into our print network, which generated significant synergies and enabled greater optimization of our platform. In addition, despite the ongoing challenge of a soft advertising market, I would highlight that the launch of new digital media products in 2013, as well as investments in non-advertising related businesses, such as educational publishing, contributed to maintaining our revenues.