Communisis PLC Trading Update (5420U)

TIDMCMS

RNS Number : 5420U

Communisis PLC

19 January 2017

19 January 2017

Communisis plc

("Communisis" or the "Company")

Trading Update

Leading provider of personalised customer communication services, Communisis plc (LSE: CMS), announces a trading update for the year ended 31 December 2016 (Unaudited).

Trading for the year ended in line with expectations.

Within the Customer Experience division, Communisis announced a significant new contract win in November 2016 with Her Majesty's Revenue and Customs (HMRC) for all outbound customer communication; implementation planning is well in-hand toward the go-live date in mid-2017.

The Brand Deployment division has won a new contract with Sony Europe, for a range of customer communication services. The arrangement went live on 1(st) October 2016 for a term of 3 years. Activities will include management of the supply chain for marketing collateral and point-of-sale across Europe. Communisis extended its presence in Germany by opening in Berlin to complement existing operations in Frankfurt and Dusseldorf.

Strong free-cash flow helped reduce net debt by approximately GBP9m to GBP30m.

In addition, the accounting deficit related to the Defined Benefit pension scheme reduced from GBP57m at 17 October 2016 to approximately GBP55m at the end of December.

The Group will issue Preliminary Results for the year ended 31 December 2016 on 9 March 2017.

Andy Blundell, Chief Executive, commented:

"The 2016 performance was solid and the simplified dual-divisional structure helped us to focus successfully on the major growth opportunities: Long term contract wins such as HMRC and Sony Europe will help deliver against our targets for 2017 and beyond."

For further information please contact:

 
                                0207 224 
 Communisis plc                  3456 
 Andy Blundell / Mark Stoner 
 
                                0203 727 
 FTI Consulting                  1000 
 Matt Dixon / Emma Appleton 
  / Niamh Fogarty 
 

About Communisis

Communisis is an integrated marketing services company, which improves the communication between brands and their customers. We create engaging content and deliver 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

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January 19, 2017 02:00 ET (07:00 GMT)