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Interim Results

4imprint revenues rise

02 August 2016 09:58

4imprint Group reports revenues of $270.22m for the six months to 2 July - 17% up on a year ago.

Underlying pre-tax profits were up 18% at $14.33m.

Chairman John Poulter said: "Trading in the first half of 2016 has been encouraging. Reported revenue was up 17% over prior year and operating profit before exceptional items increased by 18%. These headline numbers reflect a beneficial timing effect resulting from the 53 week fiscal year in 2015; adjusting for this timing effect, like-for-like revenue growth over 2015 was 15%.

"The strategic objective of the business remains unchanged: to deliver attractive organic growth through continued investment in marketing, people and technology. This resulted in total orders received up 16% over the first six months of 2015 (14% on a like-for-like basis). Operating margin percentage remained stable, underpinned by reliable gross margins and well managed marketing expenditure. The low capital requirements of the direct marketing business model contributed to robust operating cash generation in the period."

At 9:58am: (LON:FOUR) 4imprint Group PLC share price was +27.5p at 1507.5p

Story provided by StockMarketWire.com

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