1 Aug 2023 08:47
1 August 2023
4imprint Group plc ("4imprint" or the "Group")
Update on Current Trading
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
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Ahead of the announcement of its 2023 Interim results on 9 August 2023, 4imprint today provides an update on the Group's trading, operations and financial performance.
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The business has seen continued encouraging results at the demand level in the first half of 2023, with year-to-date total order intake up 18% over the same period in 2022. We expect to announce a strong first half performance in revenue, profitability and cash.
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The Board's expectation, based on the latest financial results and recent internal forecasts, is that full year 2023 Group revenue will now be slightly above $1.3bn. Group profit before tax for the full year 2023 is expected to be materially above the current consensus of analysts' forecasts, and not less than $125m. This favourable profitability dynamic results principally from revenue growth combined with a strengthened gross margin percentage and strong returns on marketing investment.
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The Board remains very confident in the Group's strategy, business model and competitive position.
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The person responsible for arranging the release of this announcement on behalf of 4imprint Group plc is David Seekings, its Chief Financial Officer.
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For further information, please contact:
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4imprint Group plc | MHP Group |
Tel: + 44 (0) 20 3709 9680 | Tel: +44 (0) 20 3128 8794 |
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Kevin Lyons-Tarr, Chief Executive Officer | Katie Hunt |
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David Seekings, Chief Financial Officer | Â |
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