19 February 2015 –
Pre-tax profit for the current financial year is now set to be slightly below the bottom end of current market estimates. Since the last market update, trading has been tough at Printing.com. The weakening of the Euro is also reducing Sterling receipts from Euro Zone operations. Nevertheless, the new initiatives are performing as hoped. Nettl, the group’s new franchise formula, should have 25 studio locations. At MarqetSpace, the group’s new trade division, the objective was to reach an annualised monthly run rate of £1m, which is in sight. Another trading update is due on 7 April but the shares offer good fundamental value at the current share price and those with patience should BUY.