9th May 2013 07:00
9 May 2013
Communisis plc
("Communisis" or the "Group")
Interim Management Statement
Leading provider of personalised customer communication services, Communisis plc (LSE: CMS), issues its Interim Management Statement for the first quarter ended 31 March 2013.
The Board is pleased to confirm that trading during the period has been in-line with management expectations.
The Group's broad range of services continues to gain traction in the UK market and several of the most recently secured contracts, especially in the transactional sector, are being successfully implemented. The international business is also expanding, particularly in the FMCG sector, where there is good long-term potential for growth.
During the period, the Group successfully raised growth capital of £20m (before the deduction of fees and expenses) in a substantially oversubscribed equity placing. The net proceeds of this placing have been earmarked for investment in new contracts, for restructuring costs and for small acquisitions and working capital. These funds will enable the Group to maintain good progress against its key strategic objectives.
The Board will issue a detailed update on its progress and strategic plans alongside results for the period to 30 June 2013, expected to be issued on 1 August 2013.
For further information please contact:
Communisis plc | 020 7382 8952 |
Andy Blundell / Nigel Howes | |
FTI Consulting | 020 7831 3113 |
Matt Dixon / Lucy Delaney | |
Cenkos Securities Ivonne Cantu / Alex Aylen
| 020 7397 8900
|
N+1 Singer Sandy Fraser / Richard Lindley
| 020 7496 3000 / 0113 388 4789
|
About Communisis
Communisis is a UK leading provider of personalised customer communication services that specialises in helping clients communicate with their customers more effectively and more profitably in fast-changing markets.
Communisis has a reputation for production excellence and innovation and is trusted by many leading, consumer-facing brands to design, produce and deploy multi-channel personalised customer communications accurately, securely, reliably and at scale.
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