International Greetings PLC Christmas trading update

International Greetings PLC, one of the world’s leading designers, innovators and manufacturers of gift wrap, crackers, cards, stationery and accessories, announces an update for the third quarter, which covers the Christmas period.

The Group is pleased to report that results achieved during the Christmas trading period are in line with management’s expectations.

Paul Fineman, Chief Executive said: “Whilst it was a challenging trading environment for our customers, we are pleased to report the Group experienced a strong Christmas trading period, during which for the first time our annual gift wrap sales exceeded 2 billion feet. We are encouraged that our customers have enjoyed successful sales of our products over the Christmas period as this provides a positive platform for growth in 2012.

It was our most global Christmas, working with customers in over 80 countries, and we are pleased that we performed in line with expectations.  We remain confident in our strategy and the full year outlook.”