21st Jan 2025 09:36
(Alliance News) - 4imprint Group PLC on Tuesday said it had made "solid" progress in 2024 despite a "challenging" market backdrop.
The London-based direct marketer and distributor of promotional merchandise expects pretax profit in 2024 to be not less than USD153 million, up 8.7% from USD140.7 million a year prior, above the upper end of analysts' forecasts.
In November, the company had forecast full-year pretax profit at just over USD150 million.
Revenue is seen 3.0% higher at USD1.37 billion compared with USD1.33 billion in 2023.
4imprint said total order count and average order value for the year were both 2% higher than 2023.
New customer orders were 9% below prior year, reflecting continued uncertainty around economic conditions, while existing customer orders were up 5%.
"The group made solid operational progress in 2024, despite a challenging market backdrop," the firm said in a statement.
Gross profit margin has remained strong at around 32%, while operating profit margin rose double digits.
4Imprint will announce its final results for the year ended December 28 on March 12.
By Jeremy Cutler, Alliance News reporter
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