The Company is undergoing major changes in shift of business focus, sale of an entire Business Area and a new CEO. The theme of the Annual Report is "Metamorphos", which is boldly stated in matt varnish from back to front on the cover's glossy image.
The "morp" part of the word is also the abbreviation of the Company's Values.

The Annual Report has 6 different covers using 6 different pupea, the stage between two life forms. The theme of ongoing change from print to digital is coherent in text as well as images. E.g. the spread with the morphed images of the retiring to the newly appointed CEO. The mix of uncoated and glossy paper, the smaller size of the image sheets and the generous format gives the Report a classic, yet exclusive and modern feel.

Very well received both internally and externally. Following the Company's shift from print to digital, this is most likely Intellecta's last printed Annual Report. This is going out in style.