AGM Statement

RNS Number : 7798X

4imprint Group PLC

10 May 2016

 

4imprint Group plc

AGM Trading Statement

4imprint Group plc, (the "Group"), the leading direct marketer of promotional products, today holds its Annual General Meeting at which John Poulter, Chairman, is making the following remarks:

"Before commenting on current trading, I should like to reiterate the established strategy which the Group continues to pursue.

With a competitive business model and a small market share in large, fragmented markets, the Group reinvests in marketing expenditure and strives to grow at the maximum rate consistent with maintaining broadly constant operating margins from which to deliver increasing dividends to Shareholders.

Trading in the first four months of 2016 has been positive. Underlying order activity and revenue growth were both up around 15%. Headline revenue growth of 20% over the reported prior year comparative reflects a beneficial timing effect from a 53 week fiscal year in 2015.

Turning to the Board, this has been strengthened since the last AGM by the appointment of two experienced Non-Executive Directors.  Shareholders will be aware that Kevin Lyons-Tarr was appointed Chief Executive Officer in March 2015, and that I relinquished executive responsibility in September 2015. After six years during which the Group has focused on its successful Direct Marketing business, and the legacy pension burden has been substantially eliminated, I shall retire from the Board towards the end of the year. During the intervening period the Board will appoint and announce my successor."

For further information, please contact:

4imprint Group plc Tel. + 44 (0) 20 7299 7201

MHP Communications Tel. + 44 (0) 20 3128 8100

Kevin Lyons-Tarr Chief Executive Officer David Seekings Chief Financial Officer

Reg Hoare Katie Hunt

 

END

 

 

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