IGR Ig Design Group Plc

TIDMIGR

RNS Number : 1990R

International Greetings PLC

01 November 2011

1(st) November 2011

International Greetings PLC

Trading update

International Greetings PLC, one of the world's leading designers, innovators and manufacturers of gift wrap, crackers, cards, stationery and accessories, announces the following trading update.

The business has maintained good progress during the first half and sales and profit for the six months to 30(th) September 2011 have grown in line with expectations.

The relocation of our manufacturing facilities in China to maintain our competitive position is on track. We are pleased to confirm that we have successfully completed Christmas season manufacturing requirements and have benefited from receiving earlier commitments from customers.

We continue to enjoy significant business with value mass-market retailers across the globe, including growth in Everyday greetings card activities.

The Group will publish its Interim Results for the six months ended 30(th) September 2011 on 6(th) December 2011.

Paul Fineman, CEO commented:

"Whilst market conditions remain challenging, we continue to develop a balanced global business, and are well positioned for future growth."

- Ends -

 
 For further information, please 
  contact: 
 International Greetings plc           Tel: 01707 630617 
  Paul Fineman, Chief Executive 
  Anthony Lawrinson, Chief Financial 
  Officer 
 Arden Partners plc                    Tel: 020 7614 5917 
  Richard Day 
 FTI Consulting                        Tel: 020 7831 3113 
  Jonathon Brill 
  Caroline Stewart 
  Georgina Bonham 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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