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Hard to tell, but if you look at the Shaw & Partners Emerging...

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    Hard to tell, but if you look at the Shaw & Partners Emerging Conference presentation from 29 May 2018 (yes, a bit dated now) which is on the IVE website, p12 shows their major customers. Coles listed as a customer but not featured as prominently as others. Key question I guess is what the earnings contribution from the contract was. I imagine these contracts are tightly bid and marginally priced. The other thing you would need to understand is if the loss of volumes impacts the overall printing operation profitability due to the loss of scale benefits.
 
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