Growth continues for Communisis

COMMUNISIS today announced a “substantial” improvement in operating profit boosted by a series of contract wins which it said underpin the group’s expansion plans.

In its preliminary results for the year ended December 31, the Leeds-based printing and personalised customer communication services group posted turnover 18% ahead at £270.1m while adjusted operating profit was up 16% to £13.3m and profit after tax was 26% higher at £4.9m.

The group said that overseas revenues increased to 18% of total turnover, nearing the 20% target, and year-end net debt was lower than expectations at £25.7m (2012 £20m).

Communisis won a number of new contracts in the period, including two significant ten year outsourcing deals secured with Lloyds Banking Group (LBG) for out-bound transactional customer communications and in-bound imaging and mail processing services, and also acquired Editions Financial, the UK’s leading content marketing agency in the financial services sector.

Communisis chief executive Andy Blundell said: “Communisis delivered another substantial improvement in operating profit in 2013; a fourth consecutive year of growth. The growth was achieved through a relentless focus on clients as new contracts were secured to underpin the group’s expansion plans for the foreseeable future.

“Our clients are embracing a single customer view that enhances insight into consumer preferences. This ensures that messages are relevant and delivered through the customer’s preferred media channel. The group’s expertise in all these areas is valued by its clients and helps them communicate with their customers more effectively and more profitably in fast-changing markets.”