Source - SMW
Integrated marketing services provider Communisis expects results for the year ended 31 Dec to be in line with forecasts.

Communisis said it performed well in 2017, with growth in sales and profitability, good free cash flow and a further marked reduction in net debt to £24.3m (£30.4m in 2016). 

It said the accounting deficit related to the defined benefit pension scheme reduced significantly to circa £38m (£55.5m in 2016).

An update said: 'Overseas markets remained active and trading was particularly strong in France, Spain and Poland. 

'In the UK, the Group's work within the UK spirits sector saw it expand facilities in the North East of England to meet increased demand for fast-turnaround campaign fulfilment.'

Communisis said it had renewed an important contract for transactional communications with one of its major UK bank clients; the renewal was for the next 5 years and was in addition to contracts for other services previously announced. 

The transactional renewal will see the application of new technology for business transformation and the increasing use of digital channels.


At 9:47am: (LON:CMS) Communisis PLC share price was +2.5p at 71.5p