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.

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

Recommended

How to profit from India’s high-tech recovery
Share tips

How to profit from India’s high-tech recovery

Professional investor David Cornell of the India Capital Growth Fund, selects three of his favourite Indian stocks to buy now.
27 Sep 2021
Share tips of the week – 24 September
Share tips

Share tips of the week – 24 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
24 Sep 2021
Three strong Asian stocks trading at bargain prices
Share tips

Three strong Asian stocks trading at bargain prices

Professional investor Nitin Bajaj of the Fidelity Asian Values investment trust picks three stocks that dominate their industries, earn good returns o…
20 Sep 2021
Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021

Most Popular

A nightmare 1970s scenario for investors is edging closer
Investment strategy

A nightmare 1970s scenario for investors is edging closer

Inflation need not be a worry unless it is driven by labour market shortages. Unfortunately, writes macroeconomist Philip Pilkington, that’s exactly w…
17 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
What really causes inflation? Here’s what prices since 1970 tell us
Inflation

What really causes inflation? Here’s what prices since 1970 tell us

As UK inflation hits 3.2%, Dominic Frisby compares the cost of living 50 years ago with that of today, and explains how debt drives prices higher.
15 Sep 2021