Communisis PLC Trading Update (5420U)
19 January 2017 - 6:00PM
UK Regulatory
TIDMCMS
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 1(st) 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
GBP9m to GBP30m.
In addition, the accounting deficit related to the Defined
Benefit pension scheme reduced from GBP57m at 17 October 2016 to
approximately GBP55m 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:
0207 224
Communisis plc 3456
Andy Blundell / Mark Stoner
0203 727
FTI Consulting 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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