Grafenia warns on profits after tough summer

Printing and graphic design group Grafenia warned on full-year profits after lacklustre summer sales and due to the costs of establishing the Group's service as an offering (Saas) products. However, while the company said sales volumes between July and August were disappointing it also stated that they were more in-line in September.Grafenia supplies leaflets, booklets, postcards, promotional cards, invitations, letterheads and business cards to consumers and small and medium-sized companies in Belgium, France, Ireland, the Netherlands and the UK. It also reported progress in overseas licensing of its Software as a Service systems, which are used by printing companies wanting to sell online.PW