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FOUR.GB 4imprint Group PLC

5,965.00
30.00 (0.51%)
21 Jun 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
4imprint Group PLC AQSE:FOUR.GB Aquis Stock Exchange Ordinary Share GB0006640972 Ordinary Shares 38 6/13p
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  30.00 0.51% 5,965.00 5,670.00 6,260.00 6,230.00 4,975.00 6,230.00 3 15:29:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

4imprint Group PLC Trading Statement (5483S)

07/11/2023 7:00am

UK Regulatory


4imprint (AQSE:FOUR.GB)
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From Jun 2023 to Jun 2024

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TIDMFOUR

RNS Number : 5483S

4imprint Group PLC

07 November 2023

7 November 2023

4imprint Group plc ("4imprint" or the "Group")

Update on Current Trading

4imprint today provides a scheduled update on the Group's trading and operations.

In our Interim Report dated 9 August 2023, we highlighted the Group's very strong first half trading performance compared to the same period in 2022. Further good progress has been made, both operationally and financially, up to the end of October 2023.

As such, the Board updates the 2023 full year guidance given with the Interim results: Group revenue is expected to be slightly above $1.3bn (unchanged) and Group profit before tax is now expected to be not less than $130m (previously $125m).

As anticipated, the percentage increases in demand activity and revenue compared to 2022 have moderated as the year has progressed. This reflects the contrast between the weak comparatives from the first quarter of 2022 and the significantly more challenging year-on-year comparatives arising from April onwards driven by the recovery from the pandemic.

As a result of these factors, October year to date order counts in the primary North American business were 13% above 2022. Over the same period, average order values remained strong at 1% above 2022 levels, resulting in overall demand revenue for October year to date at 15% higher than the corresponding period in 2022. In recent weeks we have seen some evidence of softening demand patterns typical of a more cautious macro-economic environment. That said, our experience is that a less buoyant economic outlook represents a market share opportunity for 4imprint as our financial strength allows us to keep investing in the business and to take full advantage of a market recovery.

With a cash balance of $95m at the October 2023 accounting month end, after funding the Interim dividend ($17.7m) in September 2023, the Group remains in a very strong financial position.

Looking forward, whilst cognisant of the uncertain macro-economic climate in its primary markets, the Board remains highly confident in the Group's strategy, positioning and prospects.

For further information, please contact:

 
 4imprint Group plc                  MHP Group 
 Tel: + 44 (0) 20 3709 9680          Tel: + 44 (0) 7884 494112 
 
 Kevin Lyons-Tarr, Chief Executive   Katie Hunt 
  Officer 
 
 David Seekings, Chief Financial     Eleni Menikou 
  Officer 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

November 07, 2023 02:00 ET (07:00 GMT)

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