21st Jan 2016 09:23
LONDON (Alliance News) - Communication services firm Communisis PLC Thursday said it expects to report a 12% rise in adjusted operating profit in line with current expectations for 2015.
The company has previously adjusted operating profit to exclude exceptional items and amortisation of acquired intangibles.
Communisis said that its focus on cash generation and managing its working capital has allowed it to deliver free cash flow of around GBP12 million, approximately doubled from the previous year.
The company said that one of its largest clients, Barclays PLC, has renewed its contract for three years from this month, with an option for a further two-year extension.
"We have delivered an improvement across all performance metrics during 2015. Growth at Communisis will continue to be fuelled by demand for our integrated marketing services and we are delighted to announce the renewal of our contract with Barclays; one of our biggest clients. Current activity, together with our new business pipeline mean that we are making a strong start to 2016," said Chief Executive Officer Andy Blundell said in a statement.
Communisis will report its 2015 results March 3.
Shares in Communisis were up 3.0% at 41.44 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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