Half year results for the 26 weeks ended 29 June 2024

07/08/2024

Strong financial performance; taking share in challenging market conditions

4imprint Group plc, (the “Group”), a leading direct marketer of promotional products, today announces its half year results for the 26 weeks ended 29 June 2024. The results for the half year and prior half year are unaudited.

Financial overview	Half year 2024 $m	Half year 2023 $m	Change
Revenue Operating profit Profit before tax Cash and bank deposits	667.5 69.9 73.0 121.5	635.5 63.8 66.0 74.5	+5% +10% +11% +63%
Basic EPS (cents) Interim dividend per share (cents) Interim dividend per share (pence)	194.3 80.0 62.7	176.2 65.0 50.8	+10% +23% +23%

Financial overview

Half year 2024
$m

Half year 2023
$m

Change

Revenue

Operating profit

Profit before tax

Cash and bank deposits

667.5

69.9

73.0

121.5

635.5

63.8

66.0

74.5

+5%

+10%

+11%

+63%

Basic EPS (cents)

Interim dividend per share (cents)

Interim dividend per share (pence)

194.3

80.0

62.7

176.2

65.0

50.8

+10%

+23%

Operational overview
Demand remained steady in challenging market conditions: 1,085,000 total orders received in H1 2024 (H1 2023: 1,047,000) 145,000 new customers acquired in H1 2024 (H1 2023: 158,000) Favourable existing customer retention profile Average order value +2% over H1 2023 Operating profit margin increased to 10.5% (H1 2023: 10.0%), reflecting further progress in gross profit management and a more flexible marketing mix $20.0m Oshkosh distribution centre expansion on budget and on time for late Q3 completion Interim dividend of 80.0c per share declared (2023: 65.0c) reflects the Group’s strong financial position

Operational overview

Demand remained steady in challenging market conditions:
- 1,085,000 total orders received in H1 2024 (H1 2023: 1,047,000)
- 145,000 new customers acquired in H1 2024 (H1 2023: 158,000)
- Favourable existing customer retention profile
- Average order value +2% over H1 2023
Operating profit margin increased to 10.5% (H1 2023: 10.0%), reflecting further progress in gross profit management and a more flexible marketing mix
$20.0m Oshkosh distribution centre expansion on budget and on time for late Q3 completion
Interim dividend of 80.0c per share declared (2023: 65.0c) reflects the Group’s strong financial position

Paul Moody, Chairman said:

“Based on our first half financial results and recent internal forecasts, the Board expects that 2024 full year Group revenue will reflect a growth rate similar to the first half of the year. As a result of improving financial dynamics in the business, particularly higher gross profit percentage and the flexibility of the marketing mix, it is expected that profit before tax for the 2024 full year will remain within the current range of analysts’ forecasts.

The Board is confident in the Group’s ability to manage through the current market conditions, blending resilient near-term financial results with attractive prospects for significant further organic growth over the medium term.”

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 Group
Tel. + 44 (0) 7884 494112
4imprint@mhpgroup.com
Katie Hunt
Eleni Menikou

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