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Re: Sainsbury's

4 Jun 2008 14:00

RNS Number : 9735V
Communisis PLC
04 June 2008
 



4 June 2008

Communisis plc

("Communisis" or the "Company")

Re: Sainsbury's

Communisis plc notes that, following the completion of a competitive tender process, Sainsbury's has announced that it intends to transfer its 'preferred print supplier' status, currently held by Communisis, to a competitor with effect from 1 September 2008.

The great majority of the revenues from the relationship with Sainsbury's ireported in the Print Sourcing segment, with consequently lower margins. As such, the Board of Communisis does not expect the move of this contract to have an impact on Communisis' profits for the current financial year. The Board also believes that the positive outlook for business wins elsewhere in the Company will enable Communisis to compensate for the contribution which this business would have made in 2009.

For further information please contact: 

Communisis plc

0113 222 6515

Steve Vaughan, Chief Executive

Financial Dynamics

020 7831 3113

Edward Bridges

James Melville-Ross

Matt Dixon 

Ends -

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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