Manchester based 4imprint Group plc have announced their results for the period ended 1st January 2011. The main highlights in a strong performance were: Group revenue was ?200.77m, an increase of 19%, Profit before tax was ?8.09m, (2009: ?2.83m) and Year end net debt was ?0.24m, a reduction of ?2.89m.
Brand Addition | Total revenue ?58.89m (2009: ?44.22m): Revenue in the Division grew by 33% compared to 2009. Underlying operating profit was ?4.28m, 27% ahead of prior year. The Division benefited from new corporate contracts gained at the end of 2009 and during 2010, as well as some recovery in spend from its existing customer base. The Division continues to expand its geographic reach and has invested in people to maintain its service levels and expertise across a diverse range of industry sectors.
4imprint Direct Marketing | Total revenue ?128.97m (2009: ?111.14m): Revenue in the Division grew strongly and was 16% ahead of 2009, increasing market share. Underlying operating profit of ?7.97m was more than double prior year. Both new and existing customer orders were significantly ahead of prior year as the business saw improvement in the yield on its prospecting catalogue and internet marketing spend coupled with further growth in its customer file and retention rate of existing customers. New customer orders in North America were up 14% over prior year and existing customer orders were up 27%. The UK business traded profitably on revenue which increased by 12% over the prior year.
SPS | Total revenue ?16.25m (2009: ?16.85m): Revenue in the Division was 4% below prior year. Underlying operating profit was ?0.06m compared to a small loss in 2009. As a result of the weak performance, further cost cutting initiatives have been undertaken during the year. In addition the business has strengthened its senior management team with particular emphasis on sales and marketing.
Published on: March 2nd, 2011
