Design Group Regulatory News (IGR)

4 Dec 2007 15:48

International Greetings PLC04 December 2007 Trading update International Greetings PLC ("International Greetings" or the "Company"), thedesigner, manufacturer and distributor of greetings, stationery and licensedpublished products, today announces an update on current trading. As indicated in the previous trading statement issued by the Company on 23 August 2007, the UK retail climate remains extremely tough. Following a preliminary assessment of trading in the key September to October period for the Company, the Board of International Greetings now believes that the results for the year to 31 March 2008 for the Company as a whole will fall materially short of current market expectations. This is mainly due to continuing difficulties with revenues and margins in the Company's UK greetings division. The growing overseas operations, however, are continuing to perform in line with our expectations. The Company will be announcing its interim results for the six month period to30 September 2007 on 13 December 2007, which will include a further update oncurrent trading, future prospects and other initiatives. Further information: International Greetings plc:Nick Fisher, Joint Chief Executive Tel: 01707 630630Mark Collini, Finance Director Arden Partners plcRichard Day Tel: 020 7398 1632Colin Smith Tel: 012 1423 8940 Tavistock CommunicationsJeremy Carey / Rachel Drysdale Tel: 020 7920 3150 End: 4 December 2007 This information is provided by RNS The company news service from the London Stock Exchange