Chairman George Hardie told analysts that: “When reporting the company’s preliminary results in early June 2006, we referred to current trading being mixed. Subsequently, trading has proved soft, resulting in transactional volumes below expectations albeit still ahead of last year.”
“Despite our significant confidence in the Printing.com business model into the medium and long term, we feel that it is appropriate to take a cautious view regarding market expectations in the short term.”
Hardie says the group is focussing on expanding its major hub in Manchester, where all the printing work is done.
Printing.com added that the hub expansion, which should boost capacity from £20-25m to £40-45m retail sales, is now significantly progressed and it is anticipated that it will be completed imminently.
The group has been looking to expand its business model in overseas markets and is in talks in Poland as well as a number of other companies throughout Europe. Training in New Zealand has nearly been completed.
