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4 Jun 2008 14:00
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4 JuneΒ 2008
Communisis plc
("Communisis" or the "Company")
Re: Sainsbury's
Communisis plcΒ notesΒ that, following the completion of a competitive tender process, Sainsbury's hasΒ announced that itΒ intends to transferΒ its 'preferred print supplier' status,Β currentlyΒ held by Communisis,Β to a competitorΒ with effect from 1 September 2008.
TheΒ greatΒ majority of the revenues from the relationship with Sainsbury's isΒ reported in theΒ Print SourcingΒ segment, with consequently lower margins. As such,Β the Board ofΒ Communisis does not expectΒ the move of this contractΒ to have an impact onΒ Communisis'Β profitsΒ for the current financial year. The Board also believes thatΒ theΒ positiveΒ outlook for business winsΒ elsewhere in the CompanyΒ will enable Communisis toΒ compensate for the contribution which this business would have made in 2009.
For further information please contact:Β
|
Communisis plc |
0113 222 6515 |
|
Steve Vaughan, Chief Executive |
|
|
Financial Dynamics |
020 7831 3113 |
|
Edward Bridges |
|
|
James Melville-Ross |
|
|
Matt DixonΒ |
-Β EndsΒ -
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