Profits warning from Printing.com

PRINT firm Printing.com has issued a profits warning after seeing “softer” second half sales.

The Manchester group, which is listed on the Alternative Investment Market (AIM), said its figures had also been dented due to the cost of marketing new initiatives.

“It is now likely that the company will be materially behind market expectations in the current year,” it said in a trading update.

However, the business, which has a franchised retail network and sells printing services online, said a number of new intitiatives, “provide sound prospects for the company moving forward”.

It pointed to its W3P service, which allows existing franchisees or independent third-party printers and design agencies to use Printing.com’s software with their own branding. The first licenses have been issued which generate monthly fees as well as incrementral print revenues.
 
The board is to recommend the payment of a final dividend at the same level as last year.