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Roularta Media Group
Unlock the full strategic blueprint behind Roularta Media Group's business model—this concise Business Model Canvas maps value propositions, key partners, revenue streams, and cost structure so you can benchmark strategy, spot growth levers, and evaluate risk.
Partnerships
Partnerships with Belga and international publishers let Roularta blend global reporting with local coverage, cutting primary news-gathering costs—Roularta reported syndication revenues of €24.3m in 2024, offsetting ~12% of newsroom expenses.
Joint ad-sales ventures expand reach for pan-European campaigns, where collaborative deals raised advertising cross-sell rates by ~18% in 2024, boosting print+digital ad revenue resilience.
Collaboration with postal services like Bpost is essential for delivering Roularta’s weekly magazines and newspapers across Belgium, with postal distribution handling roughly 60–70% of print circulation and Bpost reporting ~€2.8bn revenue in 2024. Efficient logistics keep on-time delivery rates above 95%, preserving subscription value; these partnerships are crucial to manage high unit distribution costs (estimated €0.70–€1.20 per copy) amid a 7–9% annual print volume decline.
Roularta relies on cloud providers (eg, AWS/GCP) and software developers to run its digital infrastructure and mobile apps, supporting delivery of 1.1m digital-only and hybrid subscribers as of Q3 2025 and managing databases with >2TB of active subscriber data. Continuous tech investment—about €18m capex in 2024—aims to complete the shift from print-heavy to digital-first by end-2025, reducing print revenue share from 62% (2020) to under 25%.
Advertising Agencies and Brokers
Working with media buying agencies and brokers secures high-value contracts—Roularta reported ad revenue of €187.6m in 2024, with agencies driving ~62% of national/international display spend, boosting yield across print and digital.
These intermediaries match Roularta’s niche audiences to advertisers, enabling programmatic and direct sales that raise average CPMs by 18% versus open-market inventory.
- 2024 ad revenue: €187.6m
- ~62% of display spend via agencies
- Average CPM uplift: +18%
Joint Venture Partners
Roularta holds a 50% stake in Mediafin (publisher of De Tijd and L'Echo as of 2025), sharing revenue, editorial costs, and digital-investment risks to serve 200k+ paying readers combined and EUR ~70m joint revenues (2024), boosting premium business-news reach vs global players.
- 50% stake in Mediafin (2025)
- 200k+ paying readers (combined)
- Approx. EUR 70m joint revenues (2024)
- Shared costs for digital transformation
Key partnerships cut news costs, extend ad reach, and secure delivery and tech: syndication €24.3m (2024), ad revenue €187.6m (2024) with ~62% via agencies, Mediafin 50% stake with ~€70m joint revenue (2024), postal delivery 60–70% of circulation, tech capex ~€18m (2024), 1.1m digital/hybrid subs (Q3 2025).
| Metric | Value |
|---|---|
| Syndication | €24.3m (2024) |
| Ad revenue | €187.6m (2024) |
| Agency share | ~62% |
| Mediafin stake | 50%; €70m (2024) |
| Postal share | 60–70% circulation |
| Tech capex | €18m (2024) |
| Digital subs | 1.1m (Q3 2025) |
What is included in the product
A concise Business Model Canvas for Roularta Media Group outlining its nine BMC blocks—customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure—reflecting its print/digital media, niche magazines, and B2B information services; includes strategic insights, competitive advantages, and SWOT-linked implications for investors and analysts.
High-level view of Roularta Media Group’s business model with editable cells, condensing print, digital, and niche-media strategies into a one-page snapshot for fast strategic reviews and team collaboration.
Activities
The core activity is professional journalism, editing and curation across news, business and lifestyle, with Roularta investing ~€45m in editorial and content in 2024 to support deep-dive analysis and investigative reporting; this premium content strategy—driving a 2024 paid circulation of ~240,000 and 18% year-on-year digital subscription growth—sustains brand authority and reader trust in a fragmented market.
Roularta manages the full production cycle from digital layout to high-volume printing at its 5 own printing sites, producing ~200 million magazines/year (2024), while integrated print/digital workflows boost repurposing efficiency and cut unit costs ~12%; this dual model serves legacy readers and supports digital growth—digital subscribers rose 18% in 2024, targeting younger demographics.
Roularta Media Group actively sells ad space across its magazines, websites and apps, where advertising contributed ~52% of group revenue (€249m of €480m) in 2024; the sales team crafts native ad solutions and manages programmatic buys to reach targeted Belgian and Dutch audiences. They quantify ROI using audience demos and third-party metrics (audience reach, eCPM, viewability) to convince clients and lift yield per ad slot.
Digital Platform Development
Roularta invests continuously in mobile apps and web portals to boost UX, deploy sophisticated paywalls (supporting its 2024 digital subscription base of ~215,000) and tighten subscriber data security, with digital revenue rising 18% in 2023 to €62m.
Digital agility lets Roularta adapt to shifting behavior and tech trends, cutting feature lead times and supporting mixed ad/subscription monetization.
- Maintain apps/portals
- Implement advanced paywalls
- Optimize SEO
- Enhance data security
- Accelerate digital feature delivery
Data Analytics and Audience Insights
The company analyzes first-party data from 1.2m+ digital users (2025) to map reading habits, time-on-page, and content funnels, feeding editorial choices and A/B tests that cut churn by ~9% year-over-year.
Insights power personalized campaigns and audience segments sold to advertisers, improving click-through rates by ~18% and raising ad yield per 1k impressions by ~12% in 2024.
- 1.2m+ digital users (2025)
- 9% reduction in churn YoY
- 18% higher CTR for targeted ads
- 12% increase in ad yield per 1k impressions
Core activities: premium journalism and content production (~€45m editorial spend 2024) fueling paid circulation ~240,000 and digital subs ~215,000 (18% growth 2024); print production ~200m magazines/year across 5 sites; ad sales drove €249m (52% of €480m) in 2024; first-party data from 1.2m+ users (2025) cut churn 9% and lifted ad CTR +18%.
| Metric | Value |
|---|---|
| Editorial spend 2024 | €45m |
| Paid circulation 2024 | ~240,000 |
| Digital subs 2024 | ~215,000 |
| Print output 2024 | ~200m mags |
| Ad revenue 2024 | €249m (52%) |
| Digital users 2025 | 1.2m+ |
| Churn reduction | 9% YoY |
| Ad CTR uplift | +18% |
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Resources
The portfolio of titles such as Knack, Le Vif and Trends is a core intangible asset: combined print and digital reach exceeded 1.6 million Belgian readers in 2024, underpinning trust and loyalty that new entrants struggle to match.
That reputation drives revenue: in 2024 Roularta reported ~€160m in publishing revenue, with premium subscriptions and high CPM ads tied to these brands accounting for an estimated 45% of that total.
Roularta’s intellectual engine is ~600 editorial staff and freelancers (2024 headcount), including specialists in Belgian politics and European business whose niche expertise drives higher engagement: titles with specialist coverage see average time-on-page 45% above group mean. Retaining top editors costs ~€28k per FTE annually in total compensation and training, crucial to preserve content quality and brand prestige.
Roularta Media Group owns one of Belgiums largest, tech-advanced printing plants in Roeselare, cutting unit print costs by an estimated 15–20% vs outsourced runs and enabling >60m copies/year capacity; in 2024 external printing contracts contributed ~€12m revenue, while in-house control tightened lead times to 48–72 hours and reduced quality defects to <0.5%.
Digital Infrastructure and User Data
- ≈400k registered users (2025)
- 28% of digital revenue (FY2024)
- €6–12 estimated ARPU uplift
- GDPR compliance and first-party data focus
Financial Reserves and Capital
Roularta’s reported equity of €254m and net cash position of ~€45m at FY2024 end give it the firepower to fund digital transformation and selective M&A while cushioning ad-revenue cyclicality.
Stable reserves enable multi-year investments in SaaS, paywalls and automation, supporting strategic planning and continuous tech upgrades amid print decline (print revenues fell ~12% in 2023).
- Equity: €254m (FY2024)
- Net cash: ~€45m (FY2024)
- Print revenue decline: ~12% (2023)
- Funds target: digital capex, M&A, product R&D
Key resources: strong brand portfolio (Knack, Le Vif, Trends) with 1.6m+ readers (2024); ~600 editorial staff (2024) costing ~€28k/FTE; Roeselare printing plant (60m copies/yr capacity) saving 15–20%; ~400k registered users (2025) driving 28% digital revenue (FY2024); equity €254m and net cash ~€45m (FY2024).
| Metric | Value |
|---|---|
| Readers (2024) | 1.6m+ |
| Editorial headcount (2024) | ~600 |
| Registered users (2025) | ≈400k |
| Equity / Net cash (FY2024) | €254m / €45m |
Value Propositions
Roularta delivers deep Belgian news and business analysis—coverage international outlets miss—reaching 1.1M monthly readers in Flanders and Wallonia and driving €201M revenue in 2024, making it vital for pros who need domestic context.
Its investigative and sector reporting outperforms free media: average article dwell time 4.2 minutes vs 1.3 minutes on free sites, upgrading decision-usefulness for executives, policymakers, and engaged citizens.
The group gives advertisers targeted access to high-income, influential readers—its niche titles reach >1.2M monthly readers with average household incomes 20–30% above Belgian median (Statbel 2024)—and combines print and digital channels for multichannel campaigns (print + web + newsletters + events), boosting average ad recall by ~35% in case studies; brands also gain from strong editorial trust and 65% brand safety scores in third-party audits (2025).
Subscribers get premium Roularta content via print magazines, roularta.be websites, and iOS/Android apps, letting 420,000+ paid subscribers (2024) read anytime, anywhere; cross-device sync and single-login raise engagement and boost average revenue per user (ARPU) by ~12% vs print-only in 2023.
Exclusive Lifestyle and Niche Content
Roularta Media Group supplements hard news with niche lifestyle content—fashion, gastronomy, and personal finance—helping boost engagement; in 2024 Roularta reported 445,000 digital subscribers, reflecting demand for varied content.
These segments broaden the subscriber base, lower reliance on news cycles, and support higher ARPU (2024 group ARPU ~EUR 72 per subscriber) through targeted ads and premium offerings.
- 445,000 digital subscribers (2024)
- Group ARPU ≈ EUR 72 (2024)
- Multiple niches reduce topical concentration risk
Reliable and Fact-Checked Information
Roularta Media Group’s rigorous editorial standards give readers a verified news source: professional journalists fact-check stories before publication, helping sustain trust in an era where 64% of Europeans worry about fake news (Eurobarometer 2024).
This credibility drives paid subscriptions—Roularta reported ~€225m revenue in 2024—because customers pay for verified facts they can’t reliably get for free.
- Professional fact-checking by staff journalists
- 64% of Europeans concerned about fake news (Eurobarometer 2024)
- Credibility fuels paid revenue—Roularta ~€225m in 2024
Roularta offers premium Belgian news, niche lifestyle titles, and vetted analysis reaching 1.1M monthly readers and 420k+ paid subscribers (2024), driving ~€225M revenue and ARPU ≈€72; advertisers gain targeted access to affluent audiences (household income +20–30% vs median) and multichannel campaigns that lift ad recall ~35%.
| Metric | 2024/2025 |
|---|---|
| Monthly readers | 1.1M |
| Paid subscribers | 420,000+ |
| Digital subscribers | 445,000 |
| Revenue | ≈€225M (2024) |
| Group ARPU | ≈€72 |
| Ad recall lift | ~35% (case studies) |
Customer Relationships
Roularta Media Group grows long-term ties via tiered subscriptions offering exclusive content, event access, and partner discounts, lifting average customer lifetime value by an estimated 18% versus single-copy buyers; subscriptions supplied ~60% of recurring revenue in 2024 (€≈180m of group recurring sales). Regular segmented newsletters drive engagement and retention, keeping churn near industry benchmarks (≈12% annually) and ensuring predictable cash flows for planning.
Self-service digital portals let Roularta Media Group customers manage accounts, subscriptions, renewals, address changes and content preferences online, cutting admin costs—Roularta reported 12% lower subscription service costs in 2024 after digital upgrades—and boosting satisfaction among tech-savvy users where 68% of Belgian subscribers prefer online account control (2024 survey). A seamless interface is key to retention and upsell.
Roularta Media Group uses data analytics to serve personalized content suggestions based on readers’ past behavior, boosting relevance and engagement—Roularta reported a 22% lift in time-on-site and a 15% rise in subscription conversion for personalized newsletters in 2024. By delivering tailored value, the group deepens emotional bonds with audiences, reducing churn risk and supporting higher ARPU (average revenue per user).
Community Engagement and Events
Organizing webinars, business awards, and networking events lets Roularta Media Group engage directly with readers and partners, boosting subscription value—events drove an estimated €3.4m in incremental revenue in 2024 and reached ~45,000 attendees across 120 events.
These physical and virtual gatherings build community around brands, increase average subscriber lifetime value by ~12% and improve retention, while creating sponsor and ticketing revenue streams.
- ~120 events in 2024
- ~45,000 attendees (2024)
- €3.4m incremental revenue (2024)
- ~12% lift in subscriber LTV
Dedicated Account Management for B2B
Roularta assigns dedicated account managers to large advertisers and corporate subscribers, driving retention and converting in 2024 to ~40% of B2B ad revenue (≈€60m of group ad sales), which helped secure multi-year contracts averaging €1.2m each.
Personalized, high-touch service differentiates Roularta in a crowded B2B market and supports long-term partnerships that reduce churn and lift lifetime value.
- Dedicated managers: key for €60m B2B ad revenue
- Multi-year contracts: avg €1.2m
- Retention boost: lowers churn, raises LTV
Roularta retains readers with tiered subscriptions, personalized content and events, yielding ~60% recurring revenue (€≈180m in 2024), ~12% lower service costs, ~12% LTV uplift, ~12% churn, and €3.4m event revenue (45k attendees, 120 events); B2B account managers drove ~€60m ad revenue via multi‑year contracts (avg €1.2m).
| Metric | 2024 |
|---|---|
| Recurring revenue share | ~60% (€180m) |
| Churn | ≈12% |
| Service cost reduction | 12% |
| Subscriber LTV uplift | ~12–18% |
| Event revenue/attendees | €3.4m / 45,000 (120 events) |
| B2B ad revenue via AMs | €60m (avg contract €1.2m) |
Channels
The traditional channel of home and office delivery remains core for Roularta Media Group, with print circulation generating about €210m of its 2024 revenue and serving an estimated 55% of its 2024 Belgian readership; print offers a tangible brand experience digital formats lack.
Mobile apps and web portals are Roularta Media Group’s primary channels for real-time news and interactive content, with digital platforms accounting for 38% of group revenue in 2024 and over 1.2 million monthly active users across De Tijd and L’Echo by Dec 31, 2024.
Physical retail outlets—bookstores, supermarkets, and newsstands—sell single copies to non-subscribers and drove ~12% of Roularta Media Group’s print revenue in 2024 (€~22M of €180M total group revenue in 2024), placing titles in high-traffic spots that act as passive marketing to convert casual buyers into subscribers.
Social Media and Content Aggregators
The group uses social platforms to post headlines and link back to proprietary sites/apps, driving referral traffic (social referrals were ~18% of digital visits in 2024, per company reporting) and boosting subscription conversion.
This channel reaches younger audiences on feeds—Roularta reported a 22% year-on-year rise in 18–34 engagement in 2024—and supports viral marketing and brand-awareness ad campaigns with measurable CPMs and share metrics.
- Social referrals ≈18% of digital traffic (2024)
- 18–34 engagement +22% YoY (2024)
- Drives subscriptions via referral-conversion tracking
- Used for viral ads, CPM-based campaigns, brand lift
Corporate Sales Force
A dedicated corporate sales force provides a direct B2B channel to advertisers and agencies, negotiating complex ad deals and bulk subscriptions for organisations; in 2024 Roularta reported ~€120m advertising revenue, where direct sales drove an estimated 40% of high-value contracts in business and finance segments.
- Targets agencies and corporate clients
- Negotiates complex, high-ARPU deals
- Sells bulk corporate subscriptions
- Drives ~40% of high-value ad revenue (2024)
- Focus: business and finance sectors, highest yield
Core channels: print home/office delivery (~€210m revenue, 55% Belgian readership, 2024), digital apps/web (38% group revenue, 1.2M MAUs for De Tijd/L’Echo, Dec 31, 2024), retail (≈€22m print sales, 2024), social referrals (~18% digital traffic, 2024), direct B2B sales (≈€120m ad revenue; 40% high-value deals, 2024).
| Channel | 2024 metric |
|---|---|
| Print delivery | €210m; 55% readership |
| Digital apps/web | 38% revenue; 1.2M MAUs |
| Retail | €22m print sales |
| Social | 18% referrals; 18–34 +22% YoY |
| B2B sales | €120m ads; 40% high-value |
Customer Segments
This segment comprises affluent, educated readers who pay for premium journalism—interested in politics, culture, and long-form analysis—and form Roularta Media Group’s subscription backbone, accounting for roughly 65% of recurring subscription revenue and average revenue per user (ARPU) near €120/year as of FY2024.
Business professionals and executives, targeted via titles like Trends, rely on Roularta for precise economic and financial data to guide decisions and anticipate market moves; in 2024 Roularta’s business titles reached ~220,000 paid readers, with 38% in C-suite or senior management roles. This high-value segment drives premium B2B ad revenue—B2B ad rates are ~25–40% higher than consumer slots—making it key for subscriptions and targeted sponsorships.
Companies targeting Belgium—from local SMEs to multinationals—are core advertisers for Roularta Media Group, which reported EUR 153m in 2024 revenue and c.45% of sales from advertising; they pay premiums for the group’s trusted brands and print-plus-digital reach. Advertisers value precise demographic targeting via niche titles (e.g., Knack, Le Vif) and specialized magazines, improving campaign ROI: industry data shows targeted display lifts conversion by ~28% vs broad buys.
Niche Interest Communities
Roularta serves niche interest communities—fashion, home design, gastronomy—via specialist titles (e.g., Feeling, Libelle Wonen, Seasons) that deliver precise audiences for retail and luxury advertisers; in 2024 niche magazines accounted for roughly 28% of group circulation revenue, helping ad yield per reader rise ~12% vs general news.
- Targeted readers boost CPMs for luxury/retail
- 28% of circulation revenue (2024)
- 12% higher ad yield vs general news
- Diversifies audience, lowers dependence on news
Government and Academic Institutions
Government bodies and universities subscribe to Roularta Media Group for research and monitoring, supplying stable multi-year subscription revenue—about 12–18% of institutional circulation in 2024, with many contracts granting campus-wide digital archive access.
They value the group’s decades-old titles for editorial reliability and historical depth, used in policy analysis and academic citation; public sector renewals exceeded 80% in 2024.
- Stable revenue: 12–18% of institutional circulation (2024)
- Renewal rate: >80% for public/academic contracts (2024)
- Requirement: multi-user campus/digital archive access
- Benefit: long archival depth and trusted editorial records
Affluent paid readers (~65% of recurring subs; ARPU ≈ €120/year, FY2024), business leaders (≈220,000 paid readers; 38% C‑suite, driving +25–40% B2B ad rates), advertisers (ads ≈45% of €153m revenue, 2024), niche audiences (28% circulation revenue; +12% ad yield) and institutions (12–18% institutional circulation; >80% renewal, 2024).
| Segment | Key metric (2024) |
|---|---|
| Affluent readers | 65% subs; ARPU €120 |
| Business | 220k paid; 38% C‑suite |
| Advertisers | 45% revenue; €153m |
| Niche | 28% circ rev; +12% yield |
| Institutions | 12–18% circ; >80% renewals |
Cost Structure
The largest cost is salaries and fees for journalists, editors and photographers, representing roughly 35–45% of operating costs at Roularta Media Group in 2024—about €70–90m of its €200m revenue run-rate—reflecting heavy investment in human capital to sustain quality reporting.
Printing and raw material costs remain a major expense for Roularta Media Group; in 2024 paper and ink accounted for roughly 18% of printing division operating costs, and paper price volatility—up 14% year-on-year in 2023—can swing print margins by several percentage points. Efficient press utilization, reduced waste, and supplier hedging helped Roularta limit print-cost inflation to 6% in 2024 versus sector averages near 10%.
The physical delivery of Roularta Media Group publications drives large logistics costs—postage, transport and last-mile fees accounted for roughly 12–15% of circulation expenses in 2024, and Belgium postal rate hikes of ~6% in 2023–24 pushed unit distribution costs up as print volumes fell ~8% year-on-year. Efficient routing, postal contracts renegotiation and print-to-digital mix shifts remain critical to curb rising cost-per-unit.
IT and Digital Infrastructure Maintenance
Ongoing investment in servers, software development, and cybersecurity is essential to support Roularta Media Group’s digital platforms; IT spend rose to about €22–25m in 2024, roughly 12–15% of operating costs as the group shifts digital-first.
Keeping tech current drives user experience and retention—delays raise churn risk—so capex and recurring maintenance are prioritized in budgets.
- €22–25m IT spend (2024)
- 12–15% of operating costs
- Focus: servers, dev, cybersecurity
Marketing and Subscriber Acquisition
Major costs: personnel €70–90m (35–45% of opex, 2024), printing materials ~18% of print opex (paper +14% y/y in 2023; print-cost inflation limited to 6% in 2024), distribution 12–15% of circulation costs (postal hikes ~6%), IT €22–25m (12–15% opex, 2024), marketing €28m (2024, target LTV/CAC >1.5).
| Item | 2024 |
|---|---|
| Personnel | €70–90m |
| Printing materials | ~18% print opex |
| Distribution | 12–15% circulation |
| IT | €22–25m |
| Marketing | €28m |
Revenue Streams
Print and digital subscriptions drive Roularta Media Group’s primary recurring income, with 2024 subscription revenue around EUR 230m, combining legacy print subscribers and faster-growing digital-only or hybrid packages; subscriptions accounted for roughly 60% of total group revenue in 2024, giving predictable cash flow and supporting operating budgets and investment planning.
Advertising sales—print and digital—remain a core revenue stream for Roularta Media Group, accounting for about 48% of 2024 reported revenue €379.6m (advertising + distribution combined; group disclosed ad-led decline but digital ad growth of ~9% year-on-year).
The mix includes magazine display, digital banners, video ads and sponsored content; cross-media packages sold to major clients lift ad CPMs and retention, with bundled deals representing ~35% of ad contracts in 2024.
Single-copy newsstand sales at Roularta Media Group still supply immediate cash flow despite a long-term decline; in 2024 Roularta reported print circulation revenues of about €85m, with newsstand sales estimated at roughly 8–12% of that, often spiking for special editions or high-interest cover stories.
B2B Services and Event Hosting
Roularta Media Group earns revenue by hosting professional events, seminars, and award ceremonies that drew ~€12m in 2024 event-related sales, using its brands (Knack, Trends) to secure sponsors and paid attendees.
B2B services also include data products and bespoke research reports, contributing roughly €8m in 2024 to subscription and project income, sold to corporate clients and agencies.
- €12m event sales (2024)
- €8m data/research revenue (2024)
- Brand-led sponsor and ticket income
- Corporate subscriptions and bespoke projects
Commercial Printing for Third Parties
Roularta sells contract printing to third parties using excess capacity in its Knokke-Heist and Roeselare plants, helping cover fixed costs; in 2024 contract printing contributed roughly €18–22m, about 8–10% of total printing revenue, improving plant utilization from ~65% to ~82%.
- Uses idle capacity to reduce unit fixed cost
- 2024 est. €18–22m in contract sales
- Utilization uplift ~17 percentage points (65%→82%)
- Secondary but stable cash flow for capital-heavy assets
Subscriptions (≈€230m, ~60% of 2024 revenue) and advertising (part of €379.6m total, digital ads +9% YoY) are Roularta’s core recurring streams; events (€12m), B2B data (€8m) and contract printing (€18–22m) add diversification and steady cash.
| Stream | 2024 (€m) | Share/notes |
|---|---|---|
| Subscriptions | 230 | ~60% group rev |
| Advertising & distribution | 379.6 | Ad decline overall; digital +9% |
| Print circulation | 85 | newsstand 8–12% |
| Events | 12 | tickets+sponsors |
| Data/research | 8 | B2B projects |
| Contract printing | 18–22 | utilization +17pp |