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Trading Update

19th Jan 2017 07:00

RNS Number : 5420U
Communisis PLC
19 January 2017
 

 

19 January 2017

Communisis plc

("Communisis" or the "Company")

Trading Update

 

Leading provider of personalised customer communication services, Communisis plc (LSE: CMS), announces a trading update for the year ended 31 December 2016 (Unaudited).

Trading for the year ended in line with expectations.

Within the Customer Experience division, Communisis announced a significant new contract win in November 2016 with Her Majesty's Revenue and Customs (HMRC) for all outbound customer communication; implementation planning is well in-hand toward the go-live date in mid-2017.

The Brand Deployment division has won a new contract with Sony Europe, for a range of customer communication services. The arrangement went live on 1st October 2016 for a term of 3 years. Activities will include management of the supply chain for marketing collateral and point-of-sale across Europe. Communisis extended its presence in Germany by opening in Berlin to complement existing operations in Frankfurt and Dusseldorf.

Strong free-cash flow helped reduce net debt by approximately £9m to £30m.

In addition, the accounting deficit related to the Defined Benefit pension scheme reduced from £57m at 17 October 2016 to approximately £55m at the end of December.

The Group will issue Preliminary Results for the year ended 31 December 2016 on 9 March 2017.

 

Andy Blundell, Chief Executive, commented:

"The 2016 performance was solid and the simplified dual-divisional structure helped us to focus successfully on the major growth opportunities: Long term contract wins such as HMRC and Sony Europe will help deliver against our targets for 2017 and beyond."

 

For further information please contact:

 

Communisis plc

0207 224 3456

Andy Blundell / Mark Stoner

FTI Consulting

0203 727 1000

Matt Dixon / Emma Appleton / Niamh Fogarty

 

About Communisis

Communisis is an integrated marketing services company, which improves the communication between brands and their customers. We create engaging content and deliver it across multiple customer touch-points; in digital, broadcast and print channels.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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