20th Jan 2023 07:55
(Alliance News) - 4imprint Group PLC on Friday hailed progress over the past year, as it anticipates revenue and pretax profit at the upper end of guidance.
For the twelve months ended December 31, the London-based promotional products marketer expects revenue of USD1.14 billion, up 45% from USD787 million a year prior.
Pretax profit is also expected at the upper end of analyst forecasts, at no less than USD100 million.
Net cash balance as at December 31 was USD86.7 million, up from USD41.6 million and leaving the group "very well-funded" entering the next year.
"The board is delighted with the group's progress in 2022, which reflects clarity of strategy, the flexibility and resilience of the business model and the outstanding dedication of the team. The group enters 2023 with optimism," said 4imprint.
The company will publish final results on March 15.
4imprint shares were trading 0.1% lower at 4,500.00 pence each in London on Friday morning.
By Holly Beveridge; Alliance News reporter
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