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25 Jan 2012 07:00
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25 January 2012
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Communisis plc
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("Communisis" or the "Company")
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Trading Update
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Leading Marketing Services Provider, Communisis plc (LSE: CMS), today issues the following update on trading for the year ended 31 December 2011.
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Communisis confirms that trading for the full year was in line with the Board's expectations. A strong second half performance reflected both the continuing progress being made by the Company's sales team in developing and commercialising its Marketing Services Provider proposition, together with tight operational control.
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The Company's success in securing major new contracts continued in the second half with the award of further work by Nationwide: the UK's largest building society. This additional work will result in a fourfold increase in annual revenues to around Β£10m in 2012. Under the terms of the contract Communisis has assumed responsibility for 15 on-site staff at Nationwide's facility in Swindon, delivering creative and marketing communication services.
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In the final quarter of the year, Communisis' strategic expertise in purchasing and supply chain management was recognised through the award of Gold Certification by the Chartered Institute of Purchasing and Supply ("CIPS"). The Company's sourcing processes, which CIPS Chief Executive Officer, David Noble, described as "world class" are vital component parts of Communisis' managed service offering to customers. Communisis is proud to be one of only 13 companies to have achieved this prestigious standard.
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Communisis will announce preliminary results for the year ended 31 December 2011 on 1 March 2012.
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For further information please contact:
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Communisis plc | 020 7382 8952 |
Andy Blundell / Nigel Howes | |
FTI Consulting | 020 7831 3113 |
Matt Dixon / Clare Thomas | |
Brewin Dolphin | 0845 213 2072 |
Sandy Fraser / Luke Boyce |
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About Communisis
Communisis is a UK leading Marketing Services Provider, specialising in helping customers make their communications processes more profitable. It helps to reduce costs and improve the effectiveness of the whole business process of customer communications.
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Through its proven experience and scale, it works with clients to transform their customer communications processes by enhancing and deploying customer data; providing technology to automate and streamline workflows; and has world-class production capabilities that can output via print and electronic channels.
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