Communisis – 53.375p

7th March 2013 – final results

Communisis the leading provider of customer communication services reported a strong set of final results. Profit  from operations (before exceptional items)  increased 23% to £11.6m (2011: £9.4m) with adjusted earnings per share increasing by 19% to 5.38p (2011: 4.52p). The final dividend payment of 1.1p brought the full year payment to 1.65p, up 10% on the previous year (2011: 1.5p) and net debt at the year end reduced to £20m (2011: £24.7m). The group have announced a number of  significant contractual relationships and contract extensions as well as three niche  acquisitions, which will expand their on-line, social media and specialist content management. After a successful year the group are positioned well to make further progress. On a rating of  8.5x the stock remains GOOD VALUE.


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