Communisis PLC Regulatory News (CMS)

11 Nov 2009 07:00



11 November 2009

Communisis plc

("Communisis" or the "Company")

Q3 Interim Management Statement and Renewal of Bank Facilities

The Board of Communisis ("The Board"), the leading provider of print and marketing communication services, today publishes its Interim Management Statement for the third quarter ended 30 September 2009.

Overall, trading during the third quarter was broadly in line with management expectations. However, the market pressures we referred to in our interim results statement have continued in the second half and visibility of future orders remains difficult.

Progress in cross selling services to clients from different parts of the business has been encouraging during the third quarter. This provides further validation of our strategic move to the provision of higher value marketing services which enable our customers to be more profitable with their own customer communications. 

The divisional performance during the third quarter can be summarised as follows:

We have completed the renewal of our third committed bank loan facility, with KBC Bank N.V. The renewed  facility, which is on normal commercial terms, has been increased to £10m and will fall due for repayment in February 2012. Forecast debt at the end of the second half is expected to be broadly comparable to the end of the first half at £25m.  Our overall committed debt facilities now total £50m.

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