4imprint Group PLC
18 December 2007
TRADING UPDATE
Ahead of its close period, 4imprint Group plc announces a trading update in
respect of the period ending 29 December 2007.
Sales in all sections of the Group, with the exception of the Trade Division,
have continued the growth shown at the half year, with sustained strong growth
in the USA Direct Marketing Division, a particular feature.
In the Trade Division, sales of Supreme products have continued to grow during
the second half, but Product Source sales fell during Q3, as problems with the
integration of the Product Source business onto the Supreme Blackpool site
reduced production and customer service capability. These problems have now been
greatly reduced, and Product Source sales in Q4 were much improved. Furthermore,
costs at the Blackpool site, which were running considerably higher than planned
through most of the second half, have recently been brought down to planned
levels.
Profits from the USA Direct Marketing Division are expected to be substantially
ahead of the previous year reflecting the sustained and accelerating growth of
market share which has been achieved by this business over recent years.
Profits from the European End User Division are also expected to be well ahead
of last year underpinned by strong growth at the PPI business, and an excellent
performance from the Manchester business now benefiting from substantial
reduction of overhead costs arising from the transfer of the Product Source
business to the Blackpool site.
The Group expects that results for the period ending 29 December 2007 will be in
line with Market expectations.
This information is provided by RNS
The company news service from the London Stock Exchange
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