AGM Trading Statement and Notice of Results
4imprint Group plc, (the "Group"), the direct marketer of promotional products, today holds its Annual General Meeting. Paul Moody, Chairman, comments on recent trading and the outlook for the Group as follows:
"The first four months of 2021 have shown very encouraging progress in the recovery of the business from the effects of the COVID-19 pandemic.
Given the dramatic disruption to demand in 2020, comparing current order intake to the same period in 2019 provides a meaningful way to gauge the recovery. We reported with our Final Results on 16 March 2021 that total order intake in January and February was running at 65% of 2019 levels.
Since then, momentum in the business has built substantially, with order intake in the month of April above 80% of 2019 levels. In the most recent three week period, order counts have averaged 85% against the same 2019 comparative. This improving level of trading activity provides further confidence in the decisions taken over the last fifteen months with a view to underpinning the longer term health of the business.
The Group remains in a strong financial position, with a net cash balance of $44.0m at the end of April 2021 (December 2020: $39.8m).
The Board is very pleased with the recent trading performance. Our confidence in the market position and prospects of the Group has been reinforced; as the economy and business activity continue to recover, we anticipate further progress in the months ahead."
The Group also announces that it will release its half year results for the 26 weeks ending 3 July 2021 on Wednesday 11 August 2021.
For further information, please contact:
4imprint Group plc
Tel. + 44 (0) 20 3709 9680
Kevin Lyons-Tarr, Chief Executive Officer
David Seekings, Chief Financial Officer
Tel. + 44 (0) 7884 949112