20th Jan 2014 09:59
LONDON (Alliance News) - 4imprint Group PLC Monday said it expects group underlying pretax profit for the year ended December 28, 2013 to be no less than GBP13.3 million, compared with GBP10.0 million in the corresponding period, after a positive trading performance for the year.
The printed products firm defines underlying pretax profit as before share-option charges, defined benefit pensions charges, and exceptional items.
4imprint said it expects to report a 16% increase in revenue to GBP211.7 million when it publishes its final results for the year in March, compared with GBP182.9 million in 2012. In turn, fourth quarter revenue is also expected to rise 17% on the same period last year to GBP54.5 million.
It said revenue for its Direct Marketing division for the year is expected to be up 16% on last year to GBP196.4 million, from GBP168.9 million in 2012, while fourth quarter revenue for the division rose 17% to GBP50.4 million.
4imprint Direct Marketing North America revenue for the year was USD294.9 million, 15% ahead of the prior year, while UK Direct marketing revenue was 12% up on the corresponding year.
The firm said the average USD exchange rate for the year was USD1.56 down from USD1.58 in 2012.
SPS, which manufactures and supplies promotional and advertising products to distributors within the promotional products industry, saw total revenue rise 9% for the year to GBP16.9 million, while fourth quarter rose 13% on the comparable period.
4imprint will publish its results on March 5.
The stock was trading at 700.00 pence Monday morning, up 30.50 pence or 4.6%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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