AGM and Interim Management Statement

RNS Number : 7377D

4imprint Group PLC

01 May 2013

 



4imprint Group plc

AGM and Interim Management Statement                                    1 May 2013

4imprint Group plc, the international promotional products Group, is today holding its Annual General Meeting and providing an interim management statement for the period from 30 December 2012 to 30 April 2013, incorporating information relating to the financial performance of the Group for its first quarter, being the period from 30 December 2012 to 30 March 2013.

Group revenue for the first quarter was £42.38m, 13% ahead of the first quarter of 2012 at £37.48m.

4imprint Direct Marketing (92% of Group revenue)

Revenue for the first quarter was £39.13m, 15% ahead of prior year.

North American first quarter revenue at $58.13m was 14% ahead of prior year. The average USD exchange rate for the quarter was US$1.55 (US$1.57 in the first quarter of 2012).

In North America, customer acquisition was consistent with the phasing of marketing activity and 32,000 new customers were acquired. The number of orders received from existing customers increased by 18%.

The UK Direct Marketing business achieved first quarter revenue growth 16% ahead of prior year.

SPS (8% of Group revenue)

SPS total revenue in the first quarter was £3.62m, 6% below the first quarter of 2012. However, order intake was encouraging with total orders received in the first quarter being 4% ahead of the same period in 2012.    

Financial Position

The Group retains a robust financial position. In the first quarter £1.25m was received as deferred consideration for the sale of Brand Addition.

Outlook

The Group continues to deliver organic revenue growth and the Board anticipates further progress in 2013.

For further information, please contact:

4imprint Group plc	MHP Communications
Tel:  + 44 (0) 20 7299 7201
John Poulter Chairman Gillian Davies Group Finance Director	Reg Hoare Tel: + 44 (0) 20 3128 8793 Katie Hunt Tel: + 44 (0) 20 3128 8794

 

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