23rd Jun 2005 06:00
23 June 2005Pre Close Period Trading UpdateTurnover in the first half has increased marginally over the comparable periodin 2004 with growth in the second quarter after a flat first quarter. We expectoperating profit to be in line with the same period last year. This reflects acontinuation of the trends identified in the first quarter.In our Print Management Service business the benefit of increased turnover hasbeen offset by continuing investment in development costs to support ourgrowing European business and in the winning of another strategic contract thisyear.The Print and Direct Mail markets continue to experience overcapacity anddeflationary pricing although our results are being supported by continuousproductivity improvements.Growth in profitability of Transactional Print Services reflects the benefit ofthe restructuring actions taken in the first quarter 2005.We have completed the rebranding of Communisis announced in March and theproposition underlying this branding has been welcomed by customers. We arepleased to have won new business in the first half with the Department of Worksand Pensions, HBOS and Lloyds TSB in the UK and our first significant contractwin in Europe. The combined value of these contracts is in excess of ‚£25mannually and the benefit of these wins will start to show in the second half.For further information please contact:David Jones, Chief Executive Tel: 0113 277 0202 Communisis plc Mark Whiteling, Finance Director Tel: 0113 277 0202 Communisis plc William Clutterbuck Tel: 0207 379 5151 The Maitland Consultancy ENDCOMMUNISIS PLCRelated Shares:
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