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Trading statements

Communisis expects double digit profit growth

12 November 2015 07:32

Leading provider of personalised customer communication services, Communisis (LSE: CMS), has reported that it expects to deliver results for 2015 that reflect double-digit growth in adjusted operating profit, improved free cash flow and increased adjusted earnings per share when compared to 2014.

But its forecast is slightly below previous expectations, due specifically to the performance of Life. Otherwise trading in the design, produce and deploy divisions is in line with expectations.

Andy Blundell, chief executive, commented: "Communisis will show good growth overall and increased cash generation in 2015, despite being held back in the short term by a slower than expected start at Life. Recent contract wins and renewals together with the health of our pipeline, provide positive indicators of the Group's prospects for 2016."

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