CORRECT: 4imprint Annual Profit Rises With Revenue On New Order Influx

7th Mar 2018 14:52

(Correcting reporting currency to USD from GBP.)

LONDON (Alliance News) - Direct marketing firm 4imprint Group PLC said on Wednesday that profit and revenue for 2017 rose on the back of new customers and increased orders.

Pretax profit for the year was up 19% at USD40.7 million from USD34.2 million, accounting for lower one-off items including share-related and pension charges.

On an underlying basis pretax profit for the year rose by 11% to USD42.5 million from USD38.4 million.

Revenue grew by 12% to USD627.5 million from USD558.2 million, following growth in both the group's geographical regions, with a 12% increase in orders and 250,000 new customers acquired in the year.

In the UK, revenue rose by 11% from the year before. In base currency, the growth rate was 16%, outpacing that of the UK market and indicating a strengthened customer file.

In the North American business, which accounts for 97% of 4imprint's revenue, saw 12% growth in revenue as it continued to secure its position in the US and Canadian markets, with growth more weighted towards the second half.

4imprint declared a total dividend of 42.58 pence per share, up 2.0% from 41.82p the prior year.

"Our business operations are firmly established in attractive markets. The group is financially strong, and we have exciting plans for the future. Trading activity in the first few weeks of 2018 has been encouraging," said Chairman Paul Moody.

Shares in 4imprint Group were down 75.1% at 1,811.00 pence on Wednesday.

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