International Greetings PLC Trading Update (7462C)
20 Octobre 2015 - 8:00AM
UK Regulatory
TIDMIGR
RNS Number : 7462C
International Greetings PLC
20 October 2015
20 October 2015
International Greetings PLC
("International Greetings" or the "Group")
Trading Update
International Greetings PLC ("International Greetings" or the
"Group"), one of the world's leading designers, innovators and
manufacturers of gift packaging and greetings, social expression
giftware, stationery and creative play products, is pleased to
provide an update on trading for the six month period to 30
September 2015. The Board is pleased to confirm trading for the six
month period to 30 September 2015 is in line with expectations.
-- Sales revenue in the year to date, together with a solid
order book underpins our expectations for full year revenue.
-- Excellent service levels have been achieved during the period
with shipping in the US in particular ahead of historical seasonal
trends, reflecting the commercial initiatives highlighted in our
August trading update.
-- In the UK, we are on track to deliver the expected annual
efficiencies, resulting from recent investment in our manufacturing
operations.
-- In Europe and Australia, our businesses have combatted weak
Euro and Australian Dollar exchange rates to deliver to
expectations during the period.
-- Our seasonal working capital build in the run up to Christmas
has recurred in line with expectations. However, we anticipate
reporting H1 net debt significantly lower than at the same period
last year.
The Group will publish its Interim Results for the six months
ended 30 September 2015 on 2 December 2015.
-Ends-
For further information please contact:
International Greetings plc Tel: 0152 588 7310
Paul Fineman, Group CEO
Anthony Lawrinson, Group CFO
Cenkos Securities plc Tel: 0207 397 8900
Bobbie Hilliam
FTI Consulting Tel: 0203 727 1000
Jonathon Brill
Tom Hufton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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