Last checked at 21 Jan 2021 07:00
21 January 2021
4imprint Group plc
Trading Update and Notice of Final Results
4imprint Group plc (the "Group"), the international direct marketer of promotional products, intends to announce its final results for the year ended 2 January 2021 on Tuesday 16 March 2021. Ahead of its final results, the Group today provides a trading update.
In our update of 30 October 2020, we noted that weekly order intake had recovered to just above 60% of 2019 level. This recovery continued into the final two months of 2020, resulting in order intake for the fourth quarter on a like-for-like basis of 70% of the prior year.
Unaudited Group revenue for the year ended 2 January 2021 was approximately $560.0m, a decrease of 35% compared to 2019. Underlying* profit before tax for the full year 2020 is expected to be in line with the Board's expectations.
The Group remains in a strong financial position with ample liquidity. The unaudited net cash balance at the 2020 year-end was around $39.8m, (2019: $41.1m).
Although pandemic-related uncertainty remains a challenge, the Board is proud of the resilience and flexibility demonstrated by the Group's people and business operations, leaving 4imprint well placed to capitalise on the opportunities presented by recovering markets.
* Underlying is before defined benefit pension charges and exceptional items.
For further information, please contact:
4imprint Group plc Tel. + 44 (0) 20 3709 9680 | MHP Communications Tel. +44 (0) 7884 494112 |
Kevin Lyons-Tarr, Chief Executive Officer
David Seekings, Chief Financial Officer | Katie Hunt
Rachel Mann |