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Half year results for the period ended 30 June 2018

 

 

4imprint Group plc (the “Group” or the “Company”), the leading direct marketer of promotional products, announces its half year results for the period ended 30 June 2018.

Highlights      
Financial Half year 
2018 
$m
Half year
2017 (restated) †
$m
Change
Revenue 

Underlying* profit before tax

Profit before tax
348.33

16.30

15.93
298.91

16.20

15.70
+17%

+1%

+1%
Underlying* basic EPS (cents)

Basic EPS (cents)

Interim dividend per share (cents)

Interim dividend per share (pence)
46.03

44.96

20.80

15.85
40.60

39.16

18.10

13.80
13%

+15%

+15%

+15%

* Underlying is before defined benefit pension charges and exceptional items
† Underlying has been restated to include share option charges.

Operational

• Organic revenue growth of 17% over H1 2017; market share continues to increase

• Brand awareness marketing investment launched; early results have exceeded expectations

• 683,000 total orders processed in H1, an increase of 17% over 2017

• 138,000 new customers acquired in H1; new customer orders up 13% over 2017

• Customer retention remains strong; existing customer orders increased by 18% over 2017

• IFRS15 implementation moves $4.0m revenue and $1.4m operating profit from H1 into H2

• Strong financial position; cash balance of $26.5m at half year

Paul Moody, Chairman said:

“During the first half of 2018 we have made excellent progress towards our goal of achieving $1bn in Group revenue by 2022. The initial results from our brand marketing investment have exceeded our expectations. The Board expects that the second half of the year will show continued strong revenue growth with underlying operating profit moving ahead of prior year.”

For further information, please contact:

4imprint Group plc
Tel. + 44 (0) 20 3709 9680
Kevin Lyons-Tarr - CEO
David Seekings - CFO

MHP Communications
Tel. + 44 (0) 20 3128 8100
Katie Hunt
Nessyah Hart

Read the announcement in full - click here.

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