Grafico Azioni 4imprint (LSE:FOUR)
2 Anni : Da Gen 2018 a Gen 2020
RNS Number : 3148N
4imprint Group PLC
17 January 2019
17 January 2019
4imprint Group plc
Trading Update and Notice of Final Results
4imprint Group plc (the "Group"), the leading international direct marketer of promotional products, intends to announce its final results for the year ended 29 December 2018 on Tuesday 5 March 2019. Ahead of its final results, the Group today provides a trading update.
Following the pattern reported at the half year, the Group enjoyed further strong organic revenue growth during the second half of 2018. Unaudited Group revenue for the year ended 29 December 2018 was $738.4m, 18% higher than the prior year comparative of $627.5m. Encouraging progress continues to be made with the brand marketing initiative launched in March 2018. Underlying* profit before tax for the full year 2018 is expected to be at least at the upper end of the range of current market forecasts.
The Group remains well financed, with an unaudited net cash balance at the 2018 year-end of c. $27.5m, (2017: $30.8m).
The operational and financial performance of the Group in 2018 leaves it ahead of schedule towards its strategic goal of $1bn in revenue by 2022. In the context of this level of revenue growth, the Board is pleased to announce that it has accelerated by a year further planned expansion of its Oshkosh, Wisconsin Distribution Centre, at a capital cost in 2019 of around $5m.
* Underlying is before defined benefit pension charges and exceptional items, but after share option costs.
For further information, please contact:
4imprint Group plc MHP Communications
Tel. + 44 (0) 20 3709 9680 Tel. + 44 (0) 20 3128 8100
Kevin Lyons-Tarr Katie Hunt
Chief Executive Officer
David Seekings Nessyah Hart
Chief Financial Officer
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(END) Dow Jones Newswires
January 17, 2019 02:00 ET (07:00 GMT)