GRA.L Regulatory News (GRA)

17 Jul 2009 07:00



FOR RELEASE

7.00AM

17 July 2009

PRINTING.COM PLC

("Printing.com" or "the Group")

AGM STATEMENT

George Hardie, the Chairman of Printing.com, will make the following announcement at the Annual General Meeting to be held at 10.00am in Manchester today.

Current Trading

Since the last market update, overall, trading has been maintained at, broadly speaking, a similar level. Monthly offers and other promotional initiatives continue to play a greater part in the sales mix than in previous years, a trend that we anticipate will continue in the short to medium term.

It is intended to provide further support to the franchise network through additional centrally funded promotions over the coming months. 

Outlook

In common with the last update, it is appropriate that we remain cautious in the short term but remain of the belief that we continue to gain market share and that the Company remains well positioned for when the economic cycle returns to growth.

For further information:

  Background note:

Printing.com

In the UK & Ireland Printing.com offers a broad product range including leaflets, booklets, postcards, promotional cards, invitations, letterheads and business cards to consumers and small and medium sized companies. Unlike its competitors, Printing.com's Stores and Franchises do not depend on any printing equipment on location. The Group's printing and ancillary equipment is based at the centralised Production Hub with the head office in Manchester. All work is produced in full four colour rather than two colour. The printing sector has traditionally been served by smaller printing companies or other On Demand Printers and is estimated to be worth some £1- £2 billion.

Printing.com has three routes to market: Franchise Stores, Bolt-on Franchises and Company owned Stores.