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Final results for the period ended 2 January 2021

4imprint Group plc (the “Group”), a direct marketer of promotional products, today announces its final results for the 53 weeks ended 2 January 2021.

Highlights

Financial

2020
53 weeks
$m

2019
52 weeks
$m

Change

Revenue

Underlying* profit before tax

Profit before tax

Cash

560.04

4.37

3.84

39.77

860.84

54.68

53.99

41.14

-35%

-95%

-93%

-3%

Underlying* basic EPS (cents)

Basic EPS (cents)

Proposed total dividend per share (cents)

Proposed total dividend per share (pence)

12.55

11.03

-

-

154.41

152.42

84.00

66.68

-92%

-93%

 

* Underlying is before defined benefit pension charges

 Operational

  • 2020 results significantly impacted by COVID-19 pandemic
  • 960,000 total orders processed in 2020 (2019: 1,587,000)
  • Business successfully managed through ‘lockdown’; safety and retention of team members prioritised
  • Marketing successfully recalibrated to resonate during the pandemic whilst producing material cost savings
  • $9.14m ‘lump sum’ legacy pension contribution paid in May 2020
  • Strong financial position: cash balance of $39.77m; no debt
  • Well placed to capitalise on the opportunities arising in recovering markets

Paul Moody, Chairman said:

“The Group has seen an encouraging recovery since the initial shock of COVID-19 in the first half of the year. We look forward to the beneficial effect that vaccine programmes may bring to the economy. The fourth quarter of 2020 was relatively robust, enhanced by seasonal apparel and year-end gift giving. Order counts in January and February 2021 were 65% of 2019 levels, reflecting typically lower order activity at the start of the year combined with volatility caused by news flow and weather events in our primary US market. In the past three weeks, there has been a marked increase in trading momentum, with order intake compared to 2019 approaching the 70% seen in the fourth quarter of 2020.

The Board is proud of the resilience and flexibility demonstrated by the Group’s people and business operations. Decisions have been made and actions taken consistent with 4imprint’s purpose and culture and with a view to the long-term health of the business. The Group is financially strong and very well placed to capitalise on the opportunities arising in recovering markets.”

For further information, please contact:
4imprint Group plc
Tel. + 44 (0) 20 3709 9680
hq@4imprint.co.uk
Kevin Lyons-Tarr, CEO
David Seekings, CFO

MHP Communications
Tel. + 44 (0) 20 3128 8549
4imprint@mhpc.com

Katie Hunt
Rachel Mann

Read the announcement in full - click here

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