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Half year results for the period ended 27 June 2020 (unaudited)

4imprint Group plc (the “Group” or the “Company”), the leading direct marketer of promotional products, announces its half year results for the period ended 27 June 2020.

Financial overview

Half year 2020
$m

Half year 2019
$m

Change

Revenue

Underlying* profit before tax

Profit before tax

265.81

0.25

0.03

405.06

19.79

19.45

-34%

-99%

-100%

Underlying* basic EPS (cents)

Basic EPS (cents)

Interim dividend per share (cents)

Interim dividend per share (pence)

0.73

0.07

nil

nil

55.81

54.81

25.00

20.52

-99%

-100%

-100%

-100%

* Underlying is before defined benefit pension charges and exceptional items.

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

 Operational overview

  • H1 results significantly impacted by COVID-19 pandemic

  • 470,000 total orders processed in H1 2020 (2019: 778,000)

  • Business successfully managed through ‘lockdown’

  • Safety and retention of team members prioritised

  • Marketing recalibrated to resonate with customers during the pandemic whilst producing material cost savings

  • Order counts have recovered to a current run rate above 50% of prior year

  • Strong financial position; cash balance of $37.49m at half year

Paul Moody, Chairman said:

“Although significant uncertainty remains over the likely duration and extent of the pandemic, the Board is confident that the core strength of the Group’s highly flexible business model and competitive positioning will allow it to take advantage of the opportunity presented by a recovering market, leaving it well placed to re-establish the growth pattern of recent years.”

For further information, please contact:

4imprint Group plc
Kevin Lyons-Tarr - CEO
David Seekings - CFO
Tel. + 44 (0) 20 3709 9680

MHP Communications
Katie Hunt
Rachel Mann
Tel. + 44 (0) 20 3128 8794 / +44 (0) 7884 494112

Read the announcement in full

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