4 Nov 2010 07:00
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4imprint Group plc
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Interim Management Statement 4 November 2010
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The Board of 4imprint, the international promotional products group, issues its interim management statement for the third quarter, being the period from 4 July 2010 to 2 October 2010.
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Group revenue for the third quarter at Β£52.67m was 28% ahead of prior year (24% at constant currency). Year to date (39 weeks ended 2 October 2010) revenue was Β£147.86m, 21% ahead of prior year (21% in constant currency). Year to date revenue in each of the three divisions was ahead of prior year.
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Revenue in the Direct Marketing Division showed strong organic growth. Quarter three revenue was 24% ahead of prior year and year to date revenue at Β£97.24m was 19% ahead of prior year. Internal performance order metrics continue to be encouraging.
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Revenue in the Brand Addition Division (formerly End User Division) in quarter three was 55% ahead of prior year and year to date revenue at Β£40.47m was 34% ahead of prior year. This growth is driven by new international contracts secured in the prior year, coupled with growth from our existing customers.
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Revenue, including inter divisional revenue, in SPS (formerly the Trade Division) in quarter three was 9% below prior year, reflecting weaker demand, particularly in July and August. Year to date revenue at Β£12.77m was 1% ahead of prior year.
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The Board anticipates continuing overall growth in the fourth quarter despite more demanding prior year comparatives.
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For further information please contact:
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John Poulter
Chairman
4imprint Group plc Tel: +(44) 207 299 7201
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Gillian Davies
Group Finance Director
4imprint Group plc Tel: + (44) 207 299 7201
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