According to the statement, the purchase of Essex-based large-format and digital printer Blacketts was "progressing well and performing in line with expectations".

The firm also highlighted that integration of the second 64pp Lithoman at Wyndeham Heron is "ahead of schedule" and that the group had renewed contracts with magazine publishers Dennis and Future.

Print management arm Wyndeham Bespoke and packaging pre-press operation Kestrel were also said to be experiencing "encouraging growth" and a "strong performance" respectively.

It did warn, however that the general commercial printing sector was "challenging".

Following the announcement shares dipped 0.5p on their Thursday closing price of 116.5p.