4imprint Group plc (the “Group”), a direct marketer of promotional products, today announces its final results for the 52 weeks ended 30 December 2023.
Financial Overview | 2023 $m | 2022 $m | Change |
Revenue Operating profit Profit before tax Cash and bank deposits | 1,326.5 136.2 140.7 104.5 | 1,140.3 102.9 103.7 86.8 | +16% +32% +36% +20% |
Basic EPS (cents) Total paid and proposed regular dividend per share (cents) Total paid and proposed regular dividend per share (pence) | 377.9 215.0 167.8 | 285.6 160.0 132.2 | +32% +34% +27% |
Operational Overview |
- Continued market share gains driving very strong financial results - Marketing activities remain productive, including further development of the brand component - Net operating margin above 10%, reflecting stability in supply chain conditions, improvement in year-on-year gross margins and some operational leverage - 2,090,000 total orders received in 2023 (2022: 1,860,000); 311,000 new customers acquired in the year (2022: 307,000) - Group well financed with cash and bank deposits of $104.5m (2022: $86.8m) - $20m project to expand capacity at the Oshkosh distribution centre underway, including planned extension of solar array |
Paul Moody, Chairman said:
“The Group has made significant operational and financial progress in 2023, reflecting a clear strategy and a highly resilient business model.
Trading results in the first two months of 2024 have been in line with both the Board’s expectations and consensus forecasts. We are confident that we will continue to take market share.”
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