6th May 2008 07:02
Communisis PLC06 May 2008 6 May 2008 Communisis plc ("Communisis" or the "Company") Interim Management Statement Communisis, the leading provider of print and marketing communication services,today publishes its Interim Management Statement for the first quarter of 2008. The Board continues to execute the strategy outlined to shareholders during2007. This is bearing fruit in terms of higher margin services, additionalservice lines sold to customers, and the development of new service lines tocomplement our existing offering. Our clients are responding well to our abilityto deliver improved customer communications for their broad marketingcommunications efforts, and this gives us confidence that the strategy willdeliver the long term improvement in value expected. As a consequence, the profit performance for the business in the first quarterwas in line with the Board's expectations. While we have seen some slight weakness in demand for printed products, tradingconditions are stable and we continue to have reasonably good forward visibilityof revenues to the end of the first half. In addition the margin generated fromthese printed products has been better than expected. Consequently we expect thebusiness to perform in line with expectations for the first half from a profitperspective. Management of working capital remains a focus for the business and there aregood indications that the significant ground won in this area during 2007 willbe retained. For further information please contact: Communisis plc 0113 222 6515Steve Vaughan, Chief Executive Financial Dynamics 0207 8313113Edward BridgesJames Melville-RossMatt Dixon This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Communisis PLC