Communisis in 2012 overseas revenue boost

16 January 2013

Security

Communisis has put a figure on its overseas growth in 2012 in a brief preview of its full year results.

In a trading update issued this morning, ahead of the group's preliminary results on 7 March, Communisis said overseas revenues had grown from 4% of turnover in 2011 to 7% for the year ended 31 December 2012.

Trading for the full year was said to be in line with the Board's expectations, while net debt was reduced by almost 15% to approximately £21m (2011: £24.7m).

Recent contract wins with BT and Nationwide will not affect the group's 2012 results but will contribute from 2013. However, the group has maintained its silence on Direct Line, a long-standing client it was rumoured to have lost last year and which it has declined to comment on for several months.

An analyst note from N+1 Singer predicted 10% revenue growth in 2012 to £229.5m and 17% pre-tax profit growth to £10.5m.

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