Since the firm announced its preliminary results in June the firm has won over 2m worth of new magazine printing contracts.

"At the time of our preliminary results we referred to having made a solid start to the current financial year," said Bedson. "Since that time we have continued to make good progress. In particular we have had further success in growing our share of the magazine market."

The new work includes a "significant chunk" of work from Highbury House Communications as well as work from Emap, Centaur and the Book Club Associates.

He added that these moves along with the group's integration of sales, resource sharing and capacity management left the board "confident of continued progress in the current year".

Shares in the firm rose 3% to 1.28.