7th May 2015 07:31
LONDON (Alliance News) - Marketing communications services company Communisis PLC saw its shares fall in early trade on Thursday after the company said results from its Deploy division are taking a hit from the depreciating euro.
Communisis Chairman Peter Hickson, in a statement ahead of the company's annual general meeting, said the group has started the year well, with trading in the first quarter in line with its expectations on a constant currency basis.
But though he said the company has made progress in all three of its business segments, results in its Deploy marketing supply chain management arm have been hurt by the depreciation of the euro against sterling.
Communisis shares were down 4.6% to 52.48 pence on the news, one of the worst performers in the FTSE All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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