U.K.-based Quarto Group reported this morning that it is “on track” to reduce its debt for the year and to achieve organic growth.

Sales in the first quarter fell slightly, dropping to $29.4 million from $32.0 million in the first quarter of 2013. Revenue in 2013 included sales from a printing business that has been sold. Sales in its publishing division were even in the year at $22 million, while sales in the books & gifts direct unit were down slightly.