skip to content

Trading statements

Communisis in line with forecasts

19 January 2017 09:32

Communisis said trading in the year to the end of December ended in line with forecasts.

The group announced a significant new contract win by its customer experience division in November with HM Revenue and Customs for all outbound customer communication.

The group said implementation planning was well in-hand toward the go-live date in mid-2017.

An update said: "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."

At 9:32am: (LON:CMS) Communisis PLC share price was +1.38p at 45.38p

Story provided by StockMarketWire.com

Related Company: CMS

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.