International Greetings, a gift wrap and stationery supplier, performed in line with management's expectations during the Christmas trading period and the third quarter.
During the Christmas period the firm's annual gift wrap sales exceeded 2 billion feet for the first time.
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.
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"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."
NR
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