International Greetings PLC Trading Update (3677F)
April 24 2014 - 1:00AM
UK Regulatory
TIDMIGR
RNS Number : 3677F
International Greetings PLC
24 April 2014
24(th) April 2014
INTERNATIONAL GREETINGS PLC
('International Greetings' or 'The Group')
Trading Update
International Greetings Plc, one of the world's leading
designers, innovators and manufacturers of gift packaging,
greetings, stationery and creative play products is pleased to
today announce a trading update in relation to the 12 months ended
31 March 2014.
The Group's progress during the year has been encouraging and
the Board is pleased to confirm that overall trading was in line
with expectations. In particular, our focus on leverage and overall
debt reduction across the Group has produced an outcome ahead of
current market expectations.
Investments in capital projects, which shall create important
future efficiencies in manufacturing operations, have proceeded on
time and on budget.
The advantage of the Group's diverse revenue streams and
geographic spread to combat varying market conditions, has again
been demonstrated this year. During the period, the Group
experienced excellent growth within our European business, whilst
extreme weather conditions during the winter in the USA provided
unprecedented challenges in an otherwise pleasing trading
environment.
We are pleased with the development of our order book in the
current year. This reflects the increasingly closer ties that we
have nurtured with our growing global customer base, our focus on
excellent customer service and an innovative, commercially
successful product offering.
- Ends-
For further information, please contact:
International Greetings plc Tel: 01525 887310
Paul Fineman, Chief Executive
Anthony Lawrinson, Chief Financial
Officer
Cenkos Securities plc Tel: 0207 397 8900
Bobbie Hilliam
FTI Consulting Tel: 020 3727 1000
Jonathon Brill
Georgina Goodhew
This information is provided by RNS
The company news service from the London Stock Exchange
END
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