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16 Jan 2018 07:00
16 January 2018
Communisis plc
("Communisis" or the "Group")
Trading Update
Leading provider of integrated marketing services Communisis plc, announces a trading update for the year ended 31 December 2017.
Communisis performed well in 2017, with growth in sales and profitability, good free cash flow and a further marked reduction in net debt to £24.3m (£30.4m in 2016). The Board anticipates that audited results for the year will be in line with expectations.
The accounting deficit related to the Defined Benefit pension scheme reduced significantly to circa £38m (£55.5m in 2016).
Overseas markets remained active and trading was particularly strong in France, Spain and Poland. In the UK, the Group's work within the UK spirits sector saw it expand facilities in the North East of England to meet increased demand for fast-turnaround campaign fulfilment.
Communisis has renewed an important contract for transactional communications with one of its major UK Bank Clients; the renewal is for the next 5 years and is in addition to contracts for other services previously announced. The transactional renewal will see the application of new technology for business transformation and the increasing use of digital channels.
The Group will issue its full Preliminary Results on Thursday, 8th March 2018.
For further information please contact:
Communisis | 020 7224 3456 |
Andy Blundell, Chief Executive |
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Steve Rawlins, Chief Financial Officer
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FTI Consulting Matt Dixon / Emma Hall / Niamh Fogarty | 020 3727 1000
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About Communisis
Communisis is an integrated marketing services company, which improves communication between brands and their customers. Communisis creates engaging content and delivers it across multiple customer touch-points; in digital, broadcast and print channels.
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