The Board of 4imprint Group plc, has announced their interim management statement for the period from 1 July 2012 to 6 November 2012, incorporating information relating to the financial performance of the business for its third quarter, being the period from 1 July 2012 to 29 September 2012.

The Group continues to report strong organic revenue growth. Third quarter group revenue, from continuing operations, was ?47.86m, 14% ahead of prior year. Year to date revenue (39 weeks) was ?136.21m, 15% ahead of prior year. Overall the year to date growth is consistent with the Board’s expectations.

4imprint Direct Marketing: Revenue for the third quarter was ?44.47m, 14% ahead of prior year. Year to date revenue was ?125.77m, 16% ahead of prior year.  Third quarter North American revenue was US$67.57m, 12% ahead of prior year. Year to date revenue was US$190.37m, 14% ahead of prior year.  In North America, in the third quarter, the number of orders received increased by 15% and 37,000 new customers were acquired. Total number of orders received year to date was 17% ahead of prior year. The year to date average order value was 2% below prior year, a reflection of caution in the current uncertain political and economic environment. Revenue for October has continued the positive momentum.

UK Direct Marketing revenue was 14% ahead of prior year in both the third quarter and year to date.

SPS: Third quarter total revenue in SPS was ?3.78m, 6% ahead of prior year and year to date total revenue, at ?11.58m, was 8% ahead of prior year. Order intake remains positive with the benefit of new products and enhanced marketing activity.

Cash: The Group retains a strong financial position following the sale of Brand Addition and continued cash generation by the core business. In the third quarter a property was purchased, in Manchester, for the UK Direct Marketing business, which needs to vacate the Brand Addition office which it occupies. The cost of the building and fit out is expected to be ?0.95m and it is due to be in use before the year end.

Results to date indicate that the Group is on track for a good performance for the year.

Published on: November 8th, 2012