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(Alliance News) - 4imprint Group PLC on Friday backed its annual guidance as the firm reported further "encouraging" progress against a backdrop of continuing uncertain and volatile market conditions.
Shares in the FTSE 250 constituent were 3.1% lower in London at 2,949.60 pence each on Friday.
The promotional merchandise marketer noted that pandemic-related global and local supply chain issues continued to cause inventory availability challenges, increased production times and product cost inflation in the second half of 2021. However the group's full year financial performance is still forecast to be in line with expectations.
The London-based business said weekly order totals had averaged 2% above 2019 levels in the second half of the year to the end of October, while new customer orders since the half year were up 8% over the same period in 2019.
"We remain very confident in the group's strategy, business model and competitive position. The demand numbers so far in the second half of 2021 show clearly that our offering continues to resonate with our target customers," the company said in a statement.
By Will Paige; willpaige@alliancenews.com
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