Trading Update and Notice of Final Results
4imprint Group plc (the “Group”), the leading international direct marketer of promotional products, intends to announce its final results for the year ended 31 December 2016* on Wednesday 8 March 2017. Ahead of its final results, the Group today provides a trading update.
Unaudited Group revenue for the year ended 31 December 2016 was $558.2m, 12% higher than the reported prior year comparative of $497.2m. Revenue growth was 13% on a like-for-like basis, after adjusting for the 53 week accounting period in 2015. Underlying** profit before tax for 2016 is expected to be towards the top end of market expectations.
The Group’s financial position remains strong. A planned, one-off pension contribution of $14.5m in the year was more than covered by free cash flow, resulting in an unaudited net cash balance at the 2016 year-end of around $21.5m, (2015: $18.4m).
* The year ended 31 December 2016 was a 52 week accounting period; the prior year ending 2 January 2016 was a 53 week accounting period.
** Underlying is before share option related charges, defined benefit pension charges and exceptional items.
For further information, please contact:
4imprint Group plc
Tel: + 44 (0) 20 7299 7201
Kevin Lyons-Tarr, Chief Executive Officer
David Seekings, Chief Financial Officer
Tel: + 44 (0) 20 3128 8100