PRINT and marketing group Communisis said that trading during the first three months of 2013 is in line with management expectations.
The group said its broad range of services is helping it to gain custom in the UK market and several of its most recently won contracts are now up and running.
The international business is also expanding, particularly in the consumer goods sector, where it sees good long-term potential for growth.
During the period, the group raised £20m in an oversubscribed equity placing. The proceeds have been earmarked for investment in new contracts, restructuring costs, small acquisitions and working capital.
The firm said it will issue a detailed update on its progress in results in early August.
Communisis recently won a three-year contract with Yorkshire Building Society to produce all of the lender’s direct mail.
It will also manage the Yorkshire’s point of sale branch material and provide access to a marketing technology platform for future campaigns.
Communisis, which has its registered office in Leeds, said the new contract will strengthen its presence in the mutual sector where it now works for all of the top ten UK building societies.
The group also announced a three-year contract with Thames Water to produce a clearer bill which is being produced on the HP T400 high-speed colour digital platform at the group’s transactional centre of excellence in Liverpool.
Communisis claims to be at the forefront of high-speed colour digital technology following the installation of state-of-the-art printers in Leeds and Liverpool.
It employs around 400 people at its direct mail facility in Cross Gates, Leeds.