Communisis PLC

Trading Statement

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 £24.3m (£30.4m 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 £38m (£55.5m 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
 
END
 
 
TSTUVUWRWAAAAAR