4th Nov 2019 08:23
(Alliance News) - Promotional merchandise maker 4imprint Group PLC on Monday said it expects double-digit annual revenue growth driven by "robust" demand.
The FTSE 250 firm expects revenue to climb by 16% in the year ending December 28, the same rate of growth seen in the first half. For the six months ended June 29 revenue climbed to USD405.1 million from USD348.3 million. Financial 2018 revenue totalled USD738.4 million.
4imprint said: "Demand activity in the second half has remained robust, with growth in both new and existing customer orders consistent with that seen in the first half. The relatively new brand recognition element of the group's marketing activities continues to perform well."
The company added that the expansion of a its Oshkosh distribution centre in Wisconsin, US, was completed within the USD5 million budget. The facility became fully-operational in September.
4imprint shares were down 0.7% at 2,940.00 pence each in London early on Monday morning, reversing after opening almost 4% higher.
By Eric Cunha; [email protected]
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