15th Jan 2014 09:25
LONDON (Alliance News) - Communisis PLC said Wednesday that trading for the financial year ended December 31, 2013 was in line with expectations.
The personalised customer communication services provider, said that its client-led international expansion accelerated during the year, and expects it to have derived around 18% of total revenues from overseas sources in 2013, more than double the previous year.
Communisis said that its pipeline remains strong, while contract wins from clients such as Lloyds Banking Group PLC, for the outsourcing of transactional communications, are now fully live and will contribute on a full-year basis in its new financial year.
It said that net debt at December 31 was lower than expected, at approximately GBP25 million.
The company said that it expects to release its full-year results on March 6.
Shares in Communisis were up 4.2% Wednesday morning, trading 62.00 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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