21st May 2025 11:08
(Alliance News) - 4imprint Group PLC on Wednesday said its revenue at the start of 2025 is in line with the prior year, though it expects disruption to its supply chain in the second half.
The London-based direct marketer and distributor of promotional merchandise said revenue in the first four months of 2025 was in line with the same period a year ago.
Speaking at the company's annual general meeting, Chair Paul Moody described a "resilient operational and financial performance" against a "backdrop of volatile macro-economic conditions".
Order intake has continued to run 2% below the prior year, with average order values even with the previous year.
Moody said gross margins "have remained strong".
The company said it expects an element of supply chain disruption and higher product costs during the second half the year, due to tariffs on US imports.
It noted that the recently announced temporary reduction of tariffs "moderates their impact in the near term," and said the impacts are difficult to predict.
"However, as demonstrated in previous periods of uncertainty and supply chain disruption, the group's strategy, including a strong balance sheet, gives the business a competitive advantage," said Chair Moody.
Moody concluded: "The board remains confident in the group's ability to navigate the current uncertain environment, delivering the best possible near-term financial results while positioning the business to take advantage of opportunities that will present themselves as certainty returns."
Shares in 4imprint were up 0.7% to 3,535.58 pence in London on Wednesday morning.
By Michael Hennessey, Alliance News reporter
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