Transcontinental Generates Organic Revenue and Profit Growth

Adjusted operating income was flat at $57.2 million, while the adjusted operating income margin slightly decreased from 11.9 percent to 11.6 percent. The contribution from new contracts coupled with the synergies associated with the use of our most productive assets and continued efficiency improvement initiatives in the Printing sector was compensated by more difficult market conditions in the Media sector, more specifically related to the educational book publishing division, continued strategic investments in the Interactive sector and the negative impact of the exchange rates. However, we generated 6 percent of organic growth.