Greetings Today magazine, giving you the bigger picture

Strong final quarter boosts profits

Value retailers help International Greetings earn £7m

THE firm that makes more than half the gift wrap sold in the UK is expected to report a sharp rise in profits tomorrow.

International Greetings is benefiting from being stocked in value retailers such as Poundland and 99p Stores and has said profits for the year to the end of March will be at the top end of City expectations after a strong final quarter.
Figures of £7.1million are expected, which is a rise of 37 per cent as analysts say the company, which employsnearly500 at its main UK manufacturing base in Wales, had only minimal exposure to Clintons and off-set weak trading across debt-ravaged Europe with strong sales in the UK, Australia and the US.
The official supplier of Christmas crackers to the Queen, International Greetings also makes greetings cards and stationery and has benefited from strong sales of value cards, helped by being listed in discount stores and supermarkets such as Tesco and Asda.

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