Trading Statement
October 15 2009 - 2:00AM
UK Regulatory
TIDMIGR
RNS Number : 7974A
International Greetings PLC
15 October 2009
15th October 2009
International Greetings PLC
Trading Statement
International Greetings PLC, one of the world's leading designers, innovators
and manufacturers of gift wrap, crackers, cards, stationery and accessories,
announces the following trading statement:
Trading in the first half year to 30th September 2009 was in line with market
expectations. Our focus on debt reduction continues, resulting in Group debt at
the half year being about 18% less than the previous half year on a
like-for-like exchange basis.
Whereas the trading environment overall remains challenging, our order book and
deliveries are standing up well.
Progress continues within the Group and we are well positioned for future
growth. We continue to believe we can return to profitability in 2009/10.
The Group will be releasing its interim results for the half year to 30th
September 2009 in the first half of December 2009.
+-------------------------------------+----------+------------------------+
| For further information, please | | |
| contact: | | |
| | | |
+-------------------------------------+----------+------------------------+
| International Greetings plc | | Tel: 01707 630630 |
| Paul Fineman, Chief Executive | | |
| Sheryl Tye, Finance Director | | |
| | | |
+-------------------------------------+----------+------------------------+
| Arden Partners plc | | Tel: 020 7398 1632 |
| Richard Day | | |
| Colin Smith | | |
| | | |
+-------------------------------------+----------+------------------------+
| Financial Dynamics | | Tel: 020 7831 3113 |
| Jonathon Brill | | |
| Caroline Stewart | | |
| | | |
+-------------------------------------+----------+------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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