Communisis PLC Regulatory News (CMS)

3 Dec 2007 07:00

Communisis PLC03 December 2007 3 December 2007 Communisis plc ("Communisis" or "the Group") Trading Update and Conclusion of Pension Consultation Ahead of a site visit on 4 December 2007 by institutions and sell-side analystsCommunisis plc, one of the leading UK print and print management businesses,today provides the following update on current trading. The Group today confirms that the business is performing in line withmanagement's expectations. Progress has been made in growing several majorcustomer relationships and the progressive improvements in efficiency and wastereduction at the Group's Leeds facility expected in the second half of thefinancial year have been substantially achieved. At the time of the Group's interim results Communisis indicated that, with theappropriate account management processes in place and a range of higher valueservices emerging, the Group was in a strong position to begin cross-selling toits current customer base. This cross-selling is designed to increase therange of value added services on offer, thereby helping the Group to outpacedeclining margins in the commodity parts of its business. Communisis also confirms that it has concluded its consultations with themembers of the Communisis Pension Plan ("the Plan") with the result that, witheffect from 30 November 2007, the Defined Benefit section of the Plan has beenclosed to future benefit accruals. Since April 2005, all new employees havebeen offered membership on a Defined Contribution basis. Enquiries: Communisis plc +44 (0)113 222 6515Steve Vaughan, Chief ExecutivePeter King, Finance Director Financial Dynamics +44 (0)20 7831 3113Edward Bridges / James Melville-Ross This information is provided by RNS The company news service from the London Stock Exchange