Trading Update

RNS Number : 4961V

International Greetings PLC

13 January 2012

 



13^th January 2012

International Greetings PLC ("the Company" or "the Group")

Christmas trading update

International Greetings PLC, one of the world's leading designers, innovators and manufacturers of gift wrap, crackers, cards, stationery and accessories, announces an update for the third quarter, which covers the Christmas period.

The Group is pleased to report that results achieved during the Christmas trading period are in line with management's expectations.

Paul Fineman, Chief Executive said:

"Whilst it was a challenging trading environment for our customers, we are pleased to report the Group experienced a strong Christmas trading period, during which for the first time our annual gift wrap sales exceeded 2 billion feet. We are encouraged that our customers have enjoyed successful sales of our products over the Christmas period as this provides a positive platform for growth in 2012.

It was our most global Christmas, working with customers in over 80 countries, and we are pleased that we performed in line with expectations.  We remain confident in our strategy and the full year outlook." 

- ENDS-

For further information, please contact:
International Greetings plc Paul Fineman, Chief Executive Anthony Lawrinson, Chief Financial Officer	Tel: [phone]
Arden Partners plc Richard Day Jamie Cameron	Tel: [phone]
FTI Consulting Jonathon Brill Caroline Stewart Georgina Bonham	Tel: [phone]

 

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