International Greetings PLC Trading Update (0775X)
26 Agosto 2015 - 8:00AM
UK Regulatory
TIDMIGR
RNS Number : 0775X
International Greetings PLC
26 August 2015
26 August 2015
International Greetings PLC
Trading Update
International Greetings PLC ("International Greetings" or the
"Group"), one of the world's leading designers, innovators and
manufacturers of gift packaging and greetings, social expression
giftware, stationery and creative play products, is pleased to
provide an update on the first quarter's trading period, ending 30
June 2015.
Across the Group, sales during the first quarter, together with
overall customer order levels already received for the balance of
the year, have been in line with management expectations.
The Board believes the Group is on track to deliver against
market expectations and is in good shape to combat the anticipated
impact of a weak Euro and Australian Dollar exchange rate as we
enter our peak operational and trading periods.
U.S. Highlights:
Commercial and operational activities, under the direction of
our recently appointed CEO Gideon Schlessinger, are encouraging and
in line with our projections for the full year. We are delighted to
report several new initiatives in the U.S.:
-- Following highly successful fast payback investments in
Holland and UK, the Group has begun a phased programme of
investment in the U.S. manufacturing facility starting with new
high speed gift wrap converting equipment to be installed in early
2016
-- Long established trading relationship with Aldi expanded into
the U.S., where Aldi has over 1,000 established stores
-- Received a 2015 Christmas commitment from one of the largest
drugstore chains to feature in over 7,500 stores
-- Commenced trading with a chain of over 8,000 discount stores
where a range of creative play products will be launched in Autumn
2015
Licensing Highlights:
-- Entered into a licensing contract with Disney for the Star
Wars franchise which applies to several product categories on a
multi-territory basis
-- Entered into a licensing contract with Coca Cola Enterprises,
featuring the iconic Coca Cola Santa Claus across a range of gift
packaging and greetings products in the UK
-- The Universal Studios licensed range of 'Minions' characters
from the 'Despicable Me' film series has received commitments for
in excess of 2 million units of creative play products in the
UK
-- The latest National Geographic licensed product offering
across gift packaging, gifting and stationery categories will be
promoted in over 3,000 additional stores during 2015 in the
U.S.
Paul Fineman, Group CEO, commented:
"Having re-balanced the Group over recent years, we are well
placed to continue to grow overall profitability.
We are delighted with the opportunities created from our ever
strengthening cross regional customer relationships and also from
the exciting new licensing arrangements that we have concluded
featuring some of the world's most loved and iconic characters and
brands."
For further information, please contact:
International Greetings PLC Tel: 01525 887310
Paul Fineman, Chief Executive
Anthony Lawrinson, Chief Financial Officer
Cenkos Securities plc Tel: 0207 397 8900
Bobbie Hilliam
FTI Consulting Tel: 020 3727 1000
Jonathon Brill
Tom Hufton
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTSEEFMIFISEIA
(END) Dow Jones Newswires
August 26, 2015 02:00 ET (06:00 GMT)
Grafico Azioni Ig Design (LSE:IGR)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Ig Design (LSE:IGR)
Storico
Da Set 2023 a Set 2024