4imprint Group PLC AGM Trading Statement and Notice of Results (9033Y)
18 Maggio 2021 - 8:00AM
UK Regulatory
TIDMFOUR
RNS Number : 9033Y
4imprint Group PLC
18 May 2021
18 May 2021
4imprint Group plc
AGM Trading Statement and Notice of Results
4imprint Group plc, (the " Group "), the direct marketer of
promotional products, today holds its Annual General Meeting. Paul
Moody, Chairman, comments on recent trading and the outlook for the
Group as follows:
" The first four months of 2021 have shown very encouraging
progress in the recovery of the business from the effects of the
COVID-19 pandemic.
Given the dramatic disruption to demand in 2020, comparing
current order intake to the same period in 2019 provides a
meaningful way to gauge the recovery. We reported with our Final
Results on 16 March 2021 that total order intake in January and
February was running at 65% of 2019 levels.
Since then, momentum in the business has built substantially,
with order intake in the month of April above 80% of 2019 levels.
In the most recent three week period, order counts have averaged
85% against the same 2019 comparative. This improving level of
trading activity provides further confidence in the decisions taken
over the last fifteen months with a view to underpinning the longer
term health of the business.
The Group remains in a strong financial position, with a net
cash balance of $44.0m at the end of April 2021 (December 2020:
$39.8m).
The Board is very pleased with the recent trading performance.
Our confidence in the market position and prospects of the Group
has been reinforced; as the economy and business activity continue
to recover, we anticipate further progress in the months
ahead."
The Group also announces that it will release its half year
results for the 26 weeks ending 3 July 2021 on Wednesday 11 August
2021.
For further information, please contact:
4imprint Group plc MHP Communications
Tel. + 44 (0) 20 3709 9680 Tel. + 44 (0) 20 3128 8549
hq@4imprint.co.uk 4imprint@mhpc.com
Kevin Lyons-Tarr Katie Hunt
Chief Executive Officer
David Seekings Rachel Mann
Chief Financial Officer
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END
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