Trading Update and Notice of Final Results
4imprint Group plc (the “Group”), the international direct marketer of promotional products, intends to announce its final results for the year ended 2 January 2021 on Tuesday 16 March 2021. Ahead of its final results, the Group today provides a trading update.
In our update of 30 October 2020, we noted that weekly order intake had recovered to just above 60% of 2019 level. This recovery continued into the final two months of 2020, resulting in order intake for the fourth quarter on a like-for-like basis of 70% of the prior year.
Unaudited Group revenue for the year ended 2 January 2021 was approximately $560.0m, a decrease of 35% compared to 2019. Underlying* profit before tax for the full year 2020 is expected to be in line with the Board’s expectations.
The Group remains in a strong financial position with ample liquidity. The unaudited net cash balance at the 2020 year-end was around $39.8m, (2019: $41.1m).
Although pandemic-related uncertainty remains a challenge, the Board is proud of the resilience and flexibility demonstrated by the Group’s people and business operations, leaving 4imprint well placed to capitalise on the opportunities presented by recovering markets.
* Underlying is before defined benefit pension charges and exceptional items.
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