Communisis hails continued revenue growth in Q3 IMS

Communisis has maintained its momentum from the first six months of the year in Q3, according to its latest interim management statement (IMS), which confirmed that trading for the year was in line with expectations.

The print group said that its "significant" first-half revenue growth, which saw sales increase 28% excluding pass-through and 40% in total in the six months to 30 June, had continued through the third quarter.

Continued growth was said to have been driven by: the new contracts with Lloyds Banking Group in its Produce segment; recent acquisitions in the Design segment; and further geographic and client expansion in Deploy.

In addition, Communisis hailed its "strong sales pipeline across the business".

Chief executive Andy Blundell said: "There are substantial new business opportunities across the group as our clients adapt to changing consumer markets. Communisis continues to take advantage of these opportunities to deliver consistent, profitable growth and strong operating cashflow."

As a result the group the reaffirmed its expectation that 2014 will mark a fifth consecutive year of sustained improvement in its financial results.

Communisis share price rose 3.2% this morning to 56p.