16th Mar 2022 11:08
(Alliance News) - 4imprint Group PLC on Wednesday reported a rise in annual revenue and profit amid a strong recovery from 2020 which was marred by the pandemic.
In 2021, the London-based marketer of promotional merchandise posted a pretax profit of USD30.2 million, multiplied from the USD3.8 million recorded in 2020.
This was on revenue of USD787.3 million, up 41% from USD560.0 million posted the year before.
4imprint attributed these results to a strong trading recovery in 2021 after a pandemic-hurt performance in 2020.
4imprint reinstated a final dividend of 30.00 US cents. This takes its total annual payout to 45.00 cents.
The firm noted continuing challenges related to the pandemic, supply chain disruption and inflationary pressures.
Nonetheless, 4imprint said that it has a clear strategy and is financially strong. It added that the trading results from the first few weeks of this year have been encouraging.
"Our view is that the many challenges introduced by the Covid-19 pandemic have presented an opportunity for 4imprint to become stronger and more focused than ever. We are realistic; the residual impacts of the pandemic will continue to be felt in various ways for some time to come. However, the encouraging trading momentum that was built over the course of 2021 validates that our strategy remains fully relevant and that our markets are attractive and ready to be addressed via our agile and resilient business model," 4imprint said.
Shares were up 1.7% at 2,828.16 pence each on Wednesday morning in London.
By Abby Amoakuh; [email protected]
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