International Greetings PLC Pre Close Trading Update (4341U)
October 16 2014 - 1:01AM
UK Regulatory
TIDMIGR
RNS Number : 4341U
International Greetings PLC
16 October 2014
16 October, 2014
International Greetings PLC (the "Group")
Pre Close Trading Update
International Greetings PLC, one of the world's leading
designers, innovators and manufacturers of gift packaging and
greetings, stationery and creative play products, announces the
following trading update.
The Board is pleased to confirm trading for the six month period
to 30 September is in line with expectations. The order books in
all geographies are pleasing with the Group's net debt reflecting
the usual working capital build associated with this in the run up
to the Christmas trading period.
Specific highlights for the period include:
-- The Group's investment programme at its gift wrap
manufacturing operations in Wales is nearing completion on time and
on budget. The new facility was officially opened by HM The Queen
and HRH The Duke of Edinburgh in Spring, 2014.
-- The integration of the Enper business (acquired 1 July 2014)
with the Group's Dutch manufacturing operations is fully on
track.
-- Excellent customer response to new licensed products,
including creative play ranges of 'Frozen' from Disney.
-- UK based customers purchasing Christmas crackers in record volumes. The Group's China based manufacturing facility has provided excellent fulfilment and product standards in this category whilst simultaneously increasing output of gift bags and gift cards.
The Group will publish its Interim Results for the six months
ended 30th September 2014 on 3rd December 2014
- Ends-
For further information, please contact:
International Greetings plc Tel: 01525 887310
Paul Fineman, Chief Executive
Anthony Lawrinson, Chief Financial Officer
Cenkos Securities plc Bobbie Tel: 0207 397 8900
Hilliam Tel: 0203 7271000
FTI Consulting Jonathon Brill
Georgina Goodhew
This information is provided by RNS
The company news service from the London Stock Exchange
END
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