Leeds group's H1 trading upbeat

Leeds-based marketing services provider Communisis has announced that the first-half trading update has met its expectations, with the new Hewlett Packard high-speed colour digital platform going live.

The company - which has a strong balance sheet and net debt better than management expectations - said the re-purpose plans of its Leeds Direct Mail business are on schedule.

It has managed to complete the removal of legacy printing equipment within budget.

Communisis said that it will be reporting its business in two segments - Intelligence Driven Communications (IDC) and Specialist Production and Sourcing (SPS) - to better reflect the company's strategy and demand drivers.

It said: "Costs previously described as 'central costs' which comprised marketing, IT infrastructure, group procurement and group sales have now been allocated between the two operating segments - IDC and SPS.

"We have retained an element of central cost now classified as corporate costs as these represent the cost of our head office, main board and other plc related costs."

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