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CMS Communisis

70.80
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Communisis LSE:CMS London Ordinary Share GB0006683238 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 70.80 70.80 71.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Communisis PLC Trading Statement (9416B)

16/01/2018 7:00am

UK Regulatory


Communisis (LSE:CMS)
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TIDMCMS

RNS Number : 9416B

Communisis PLC

16 January 2018

16 January 2018

Communisis plc

("Communisis" or the "Group")

Trading Update

Leading provider of integrated marketing services Communisis plc, announces a trading update for the year ended 31 December 2017.

Communisis performed well in 2017, with growth in sales and profitability, good free cash flow and a further marked reduction in net debt to GBP24.3m (GBP30.4m in 2016). The Board anticipates that audited results for the year will be in line with expectations.

The accounting deficit related to the Defined Benefit pension scheme reduced significantly to circa GBP38m (GBP55.5m in 2016).

Overseas markets remained active and trading was particularly strong in France, Spain and Poland. In the UK, the Group's work within the UK spirits sector saw it expand facilities in the North East of England to meet increased demand for fast-turnaround campaign fulfilment.

Communisis has renewed an important contract for transactional communications with one of its major UK Bank Clients; the renewal is for the next 5 years and is in addition to contracts for other services previously announced. The transactional renewal will see the application of new technology for business transformation and the increasing use of digital channels.

The Group will issue its full Preliminary Results on Thursday, 8th March 2018.

For further information please contact:

 
 Communisis                        020 7224 3456 
 Andy Blundell, Chief Executive 
 Steve Rawlins, Chief Financial 
  Officer 
 FTI Consulting 
  Matt Dixon / Emma Hall 
  / Niamh Fogarty                  020 3727 1000 
 

About Communisis

Communisis is an integrated marketing services company, which improves communication between brands and their customers. Communisis creates engaging content and delivers it across multiple customer touch-points; in digital, broadcast and print channels.

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTUVUWRWAAAAAR

(END) Dow Jones Newswires

January 16, 2018 02:00 ET (07:00 GMT)

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