Trading update and change in segmental reporting

7 July 2010

Marketing Services Provider Communisis plc, (LSE: CMS), is releasing an update on trading for the half year ended 30 June 2010 in advance of its interim results announcement on 26 August 2010 and also announces a change in segmental reporting to reflect better the company’s strategy and demand drivers.

Trading

The Board advises that trading has met its expectations for the first half of the current financial year. The Group’s balance sheet remains strong with net debt better than management expectations and at similar levels to those reported at 31 December 2009. Plans to re-purpose our Leeds Direct Mail business have progressed to schedule. The new Hewlett Packard high-speed colour digital platform has now produced several live projects for customers. The plan to remove legacy printing equipment has been completed within budget, unlocking cost savings on an on-going basis.

Change in segmental reporting

Communisis’ strategy is to help clients improve the effectiveness and profitability of their customer and prospect communications and to optimise their marketing investments. This is done by providing a range of integrated marketing services. The acquisition and subsequent integration of Absolute Intuistic in 2009, coupled with the earlier disposal of the business forms operation, supports this strategy. The Group’s activities are therefore now predominantly focused in two main areas which are:

• Intelligence Driven Communications (IDC) and
• Specialist Production and Sourcing (SPS)

Read full statement here:

Author: Andy Blundell

Download PDF document - pdf 43K

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