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4imprint Group PLC (FOUR)

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Thursday 17 January, 2019

4imprint Group PLC

Trading Update and Notice of Final Results

RNS Number : 3148N
4imprint Group PLC
17 January 2019
 

17 January 2019

4imprint Group plc

Trading Update and Notice of Final Results

 

4imprint Group plc (the "Group"), the leading international direct marketer of promotional products, intends to announce its final results for the year ended 29 December 2018 on Tuesday 5 March 2019. Ahead of its final results, the Group today provides a trading update.

 

Following the pattern reported at the half year, the Group enjoyed further strong organic revenue growth during the second half of 2018. Unaudited Group revenue for the year ended 29 December 2018 was $738.4m, 18% higher than the prior year comparative of $627.5m. Encouraging progress continues to be made with the brand marketing initiative launched in March 2018. Underlying* profit before tax for the full year 2018 is expected to be at least at the upper end of the range of current market forecasts.

 

The Group remains well financed, with an unaudited net cash balance at the 2018 year-end of c. $27.5m, (2017: $30.8m).

 

The operational and financial performance of the Group in 2018 leaves it ahead of schedule towards its strategic goal of $1bn in revenue by 2022. In the context of this level of revenue growth, the Board is pleased to announce that it has accelerated by a year further planned expansion of its Oshkosh, Wisconsin Distribution Centre, at a capital cost in 2019 of around $5m.

 

* Underlying is before defined benefit pension charges and exceptional items, but after share option costs.

 

 

For further information, please contact:

 

4imprint Group plc

Tel. + 44 (0) 20 3709 9680

MHP Communications

Tel. + 44 (0) 20 3128 8100

 

 

Kevin Lyons-Tarr

Chief Executive Officer

 

David Seekings

Chief Financial Officer

Katie Hunt

 

 

Nessyah Hart

 


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