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
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