Communisis PLC Trading Statement (9416B)
January 16 2018 - 1:00AM
UK Regulatory
TIDMCMS
RNS Number : 9416B
Communisis PLC
16 January 2018
16 January 2018
Communisis plc
("Communisis" or the "Group")
Trading Update
Leading provider of integrated marketing services Communisis
plc, announces a trading update for the year ended 31 December
2017.
Communisis performed well in 2017, with growth in sales and
profitability, good free cash flow and a further marked reduction
in net debt to GBP24.3m (GBP30.4m in 2016). The Board anticipates
that audited results for the year will be in line with
expectations.
The accounting deficit related to the Defined Benefit pension
scheme reduced significantly to circa GBP38m (GBP55.5m in
2016).
Overseas markets remained active and trading was particularly
strong in France, Spain and Poland. In the UK, the Group's work
within the UK spirits sector saw it expand facilities in the North
East of England to meet increased demand for fast-turnaround
campaign fulfilment.
Communisis has renewed an important contract for transactional
communications with one of its major UK Bank Clients; the renewal
is for the next 5 years and is in addition to contracts for other
services previously announced. The transactional renewal will see
the application of new technology for business transformation and
the increasing use of digital channels.
The Group will issue its full Preliminary Results on Thursday,
8th March 2018.
For further information please contact:
Communisis 020 7224 3456
Andy Blundell, Chief Executive
Steve Rawlins, Chief Financial
Officer
FTI Consulting
Matt Dixon / Emma Hall
/ Niamh Fogarty 020 3727 1000
About Communisis
Communisis is an integrated marketing services company, which
improves communication between brands and their customers.
Communisis creates engaging content and delivers it across multiple
customer touch-points; in digital, broadcast and print
channels.
This information is provided by RNS
The company news service from the London Stock Exchange
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