4imprint Group PLC Trading Update and Notice of Final Results (5440U)
19 January 2017 - 7:00AM
UK Regulatory
TIDMFOUR
RNS Number : 5440U
4imprint Group PLC
19 January 2017
4imprint Group plc
19 January 2017
Trading Update and Notice of Final Results
4imprint Group plc (the "Group"), the leading international
direct marketer of promotional products, intends to announce its
final results for the year ended 31 December 2016* on Wednesday 8
March 2017. Ahead of its final results, the Group today provides a
trading update.
Unaudited Group revenue for the year ended 31 December 2016 was
$558.2m, 12% higher than the reported prior year comparative of
$497.2m. Revenue growth was 13% on a like-for-like basis, after
adjusting for the 53 week accounting period in 2015. Underlying**
profit before tax for 2016 is expected to be towards the top end of
market expectations.
The Group's financial position remains strong. A planned,
one-off pension contribution of $14.5m in the year was more than
covered by free cash flow, resulting in an unaudited net cash
balance at the 2016 year-end of around $21.5m, (2015: $18.4m).
* The year ended 31 December 2016 was a 52 week accounting
period; the prior year ending 2 January 2016 was a 53 week
accounting period.
** Underlying is before share option related charges, defined
benefit pension charges and exceptional items.
For further information, please contact:
4imprint Group plc
Tel: + 44 (0) 20 7299 7201
Kevin Lyons-Tarr, Chief Executive Officer
David Seekings, Chief Financial Officer
MHP Communications
Tel: + 44 (0) 20 3128 8794
Katie Hunt
Reg Hoare
This information is provided by RNS
The company news service from the London Stock Exchange
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January 19, 2017 02:00 ET (07:00 GMT)