Whilst new initiatives Nettl and Marqetspace are progressing well, this is being offset by the ongoing contraction of the original Printing.com franchise. We have reduced our FY16 forecasts to levels similar to FY15, and see an H2 weighting given the slow start at Printing.com and the ramp up in the newer areas. Nevertheless, management sees Marqetspace being a £10m business in 3 years and is targeting 200 Nettl partners over the same period. Were this to be achieved, investors would be rewarded ....
