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(Sharecast News) - Marketing group 4imprint reported an improvement in annual profits on Tuesday thanks to a rising market share throughout the year.
For the twelve months ended 28 December 2019, pre-tax profits rose 2% to $54m, while revenues increased 17% to $860.8m. Basic earnings per share were up 21% to 152.42p.
4imprint said all of its revenue growth was organic, reflecting an increasing share in "a large but still very fragmented market".
Cash and equivalents grew 50% to $41.14m and the FTSE 250-listed firm said its business model remained "highly cash generative".
4imprint also noted that it would continue to monitor the Wuhan coronavirus outbreak, which it said had had a minimal impact on business so far.
Chairman Paul Moody said: "2019 was another successful year for 4imprint. The board has a clear strategy that delivered attractive revenue growth and met profitability targets in the year whilst making significant investments in the group's future.
"Trading results in the first two months of 2020 have been in line with the board's expectations. We have a clear strategy and a focused business model geared towards a market opportunity that remains highly attractive."
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