Adjusted earnings surge at Communisis

Integrated marketing services provider Communisis reported its preliminary results for the 2016 calendar year on Thursday, with adjusted earnings per share up 17% to 6.07p.

The London-listed firm posted adjusted profit before tax up 15% at £16.7m, with free cash flow 7% higher at £12.9m.

Net debt reduced by £9m during the year to £30m.

The board confirmed a full year dividend per share as up 10% to 2.42p.

Total revenue was slightly higher at £361.9m, up 2%.

On a reported basis, profit before tax was down 33%, however, at £11.6m.

“Success in 2016 came from a focus on core activities and translated into a number of significant, new multi-year contracts,” said chief executive Andy Blundell.

“We have succeeded in strengthening our position as the leader in UK transactional communications and further extended our Brand Deployment services in overseas territories.

“These twin themes will continue to underpin our growth strategy going forward.”