Interim Management Statement

RNS Number : 1758S

4imprint Group PLC

05 November 2013

 

4imprint Group plc

Interim Management Statement                                                     5 November 2013

4imprint Group plc, the international promotional products Group, today issues its Interim Management Statement for the period from 30 June 2013 to 4 November 2013, incorporating information relating to the financial performance of the Group for its third quarter, being the period from 30 June 2013 to 28 September 2013, and the year to date (nine months) compared with the equivalent periods last year.

The Group continues to report strong organic growth, which is in line with market expectations for the year as a whole. Revenue for the third quarter was £56.50m, 18% ahead of last year. Year to date revenue was £157.28m, 15% ahead of last year.

4imprint Direct Marketing (93% of Group revenue)

Revenue for the third quarter was £52.51m, 18% ahead. Year to date revenue was £146.02m, 16% ahead.

North American third quarter revenue at $78.26m was 16% ahead, year to date revenue was $216.93m, 14% ahead. The average year to date USD exchange rate was $1.55 (YTD 2012:US$1.58).

In North America, the number of orders received from existing customers increased by 18% compared with prior year, both in the quarter and year to date.  40,000 new customers were acquired in the third quarter. This performance is a continuation of the progress demonstrated in the first half. 

The UK Direct Marketing business achieved third quarter revenue growth of 16%, with year to date revenue 12% ahead.

SPS (7% of Group revenue)

SPS total revenue in the third quarter was £4.40m, 16% ahead. Year to date total revenue was £12.46m, 8% ahead. Orders received in the third quarter were 13% ahead and year to date orders were 10% ahead.

Financial Position

The Group retains a robust financial position with net cash.

John Poulter, Chairman of 4imprint Group plc, commented:

"The Group has continued to achieve strong revenue growth, in line with market expectations. This strong performance in the first nine months of the year leaves the Group well placed to achieve a good result for the year as a whole."

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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