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LONDON (Alliance News) - International Greetings PLC Tuesday trading in the first half of its financial year was in line with expectations and that it will meet expectations for the full year.
The greetings card and gift packaging manufacturer said the sales it has made in the six months to September 30, together with a solid order book, mean it will meet its revenue expectations for the full year.
In the UK, it said it is on track to deliver its expected annual efficiencies resulting from recent investment in its manufacturing operations, while its Europe and Australia business have "combatted weak euro and Australian dollar exchange rates" to deliver expectations.
International Greetings added that seasonal working capital in the run up to Christmas has recurred in line with expectations, and that it anticipates reporting first-half net debt significantly lower than the same period last year.
The company will release its first-half results on December 2.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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