Updated 8:00pm 24 January 2013

Communisis trading in line with expectations

SPECIALIST printing and marketing services group Communisis said trading for its full year has been in line with its expectations, in an update today.

It said its expansion plans have progressed throughout the year and about 7% of total revenues are now derived from overseas sources, compared with 4% in 2011.

Net debt stood at about £21m by December 31, compared with £24.7m a year earlier.

Today’s statement said its pipeline of work remains strong and the new business that has already been secured, such as the recently announced contract awards by British Telecom and Nationwide Building Society which will benefit its centre of digital printing excellence at Speke’s Estuary Commerce Park where the group employs more than 300 staff, will contribute from early this year.

The Leeds-based group has invested in some of the latest digital printing technology system at its Liverpool plant which opened in 2007

It said it will release its annual results on March 7.

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