Business News

Significant contract win with Lloyds Banking Group plc

Thursday 11. July 2013 - Leading provider of personalised customer communication services, Communisis plc (LSE: CMS), announces that the Company has been

chosen by Lloyds Banking Group plc (“LBG” or the “Bank”) as the outsource partner for the production of all transactional customer communications in the UK.
The contract which remains subject to ratification by the LBG Board and is expected to become effective in August 2013, was announced by LBG to the relevant employees this week.
This is the largest available contract of its kind in the UK. Under the arrangements Communisis will assume responsibility for LBG’s current manufacturing sites in Copley and Crawley. The Company’s annual production volumes for these services will double on an annualised basis, confirming Communisis as the clear UK market-leader in the outsourced production of transactional communications. Substantial revenues will be generated for Communisis over the ten year term of the contract.
Progressive implementation of the contract is planned from October 2013, with Communisis making significant commitment to the same high-speed colour digital platforms already in-use elsewhere in the Company.
Andy Blundell, Chief Executive of Communisis said:
“This is a huge win for Communisis and we are delighted that LBG has entrusted us with an outsourcing contract of such strategic significance. Over the ten year term, we will work with the Bank to develop its customer communications in order to make them more personalised and more effective through all channels.