4imprint reports strong margins as eyes profit above City expectations

(Alliance News) - 4imprint Group PLC on Tuesday said it had made "solid" progress in 2024 despite ...

Alliance News 21 January, 2025 | 9:36AM
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(Alliance News) - 4imprint Group PLC on Tuesday said it had made "solid" progress in 2024 despite a "challenging" market backdrop.

The London-based direct marketer and distributor of promotional merchandise expects pretax profit in 2024 to be not less than USD153 million, up 8.7% from USD140.7 million a year prior, above the upper end of analysts' forecasts.

In November, the company had forecast full-year pretax profit at just over USD150 million.

Revenue is seen 3.0% higher at USD1.37 billion compared with USD1.33 billion in 2023.

4imprint said total order count and average order value for the year were both 2% higher than 2023.

New customer orders were 9% below prior year, reflecting continued uncertainty around economic conditions, while existing customer orders were up 5%.

"The group made solid operational progress in 2024, despite a challenging market backdrop," the firm said in a statement.

Gross profit margin has remained strong at around 32%, while operating profit margin rose double digits.

4Imprint will announce its final results for the year ended December 28 on March 12.

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
4imprint Group PLC 5,580.00 GBX 12.16 -

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