Printing.com shares fall after profit warning

Shares in Printing.com fell sharply on Wednesday after the company issued an update warning it was likely that it would be 'materially behind market expectations' in the second half of the trading year.

The AIM-listed company, which prints cards, leaflets and flyers, reported that trading in the second half of the year had proved "softer than anticipated" across the group's European channels.

It stated that this, coupled with increased marketing expenditure, meant that "the company will be materially behind market expectations in the current year".

In spite of the forecast, the company was optimistic on the outlook for various product lines: "The plethora of new initiatives, including Templatecloud.com and W3P provide sound prospects for the company moving forward."

The directors of the company said: "The first W3P licenses have been granted in the UK. These licenses generate monthly system fees along with incremental print revenues."

The company reported that it had no debt and intended to deliver a final dividend at the same level as the previous year.

Shares in Printing.com were down 12.90% to 27p at 09:39 on Wednesday.

MF