10/08/2022

4imprint Group plc (the “Group”), a direct marketer of promotional products, today announces its half year results for the 26 weeks ended 2 July 2022.

Financial overview

Half year 2022
$m

Half year 2021
$m

Change

Revenue

Operating profit

Profit before tax

Cash

515.54

43.98

43.91

67.10

326.81

3.60

3.37

52.80

+58%

+1,122%

+1,203%

+27%

Basic EPS (cents)

Interim dividend per share (cents)

Interim dividend per share (pence)

118.90

40.00

33.01

9.12

15.00

10.83

+1,204%

+167%

+205%

The results for the half year and prior half year are unaudited.

Operational overview

- Customer demand at record levels:
           - 886,000 total orders processed in H1 2022 (H1 2021: 616,000; H1 2019: 778,000
           - 146,000 new customers acquired in H1 2022 (H1 2021: 113,000; H1 2019:
           - July 2022 demand activity has remained encouraging
- Marketing efficiency led by increasing proportion of brand awareness producing market share gains and strengthening the business for the future.
- Success in attracting and retaining team members in difficult labour markets
- Supply chain challenges being addressed in partnership with tier 1 suppliers
- Interim dividend of 40.00c per share declared (2021: 15.00c) reflects performance in the first half of the year and the Group’s strong financial position

Paul Moody, Chairman said:

“The Board remains very confident in the Group’s strategy, the strength and resilience of its business model and its competitive position. This confidence is expressed in our expectation of reaching our long-held revenue target of $1bn during the 2022 financial year.

At the same time, the Board is cognisant of continuing uncertainty in the form of geo-political and broad economic factors that could potentially slow down the Group’s performance during the remainder of 2022.

Trading momentum in the first few weeks of the second half of 2022 has remained encouraging"

For further information, please contact:


4imprint Group plc
Tel. + 44 (0) 20 3709 9680
hq@4imprint.co.uk
Kevin Lyons-Tarr, Chief Executive Officer
David Seekings, Chief Financial Officer

MHP Communications
Tel. + 44 (0) 20 3128 8794
4imprint@mhpc.com
Katie Hunt

Read the announcement in full