4imprint Group Release Third Quarter and Year-to-date Results
4imprint Group plc, the international promotional products group, recently issued its interim management statement for the period from June 30, 2013 to November 4, 2013, incorporating information relating to the financial performance of the group for its third quarter, being the period from June 30, 2013 to September 28, 2013, and the year-to-date (nine months) compared with the equivalent periods last year.
The group continues to report strong organic growth, which is in line with market expectations for the year as a whole. Revenue for the third quarter was £56.50m ($90.97m), 18 percent ahead of last year. Year-to-date revenue was £157.28m ($253.22m), 15 percent ahead of last year.
4imprint Direct Marketing (93 percent of Group revenue)
Revenue for the third quarter was £52.51m ($84.54m), 18 percent ahead. Year-to-date revenue was £146.02m ($235.09m), 16 percent ahead.
North American third quarter revenue at $78.26m was 16 percent ahead, year-to-date revenue was $216.93m, 14 percent ahead. The average year-to-date USD exchange rate was $1.55 (YTD 2012:US$1.58). (Ed. note: as of Promo Markerting's inclusion of this press release, the USD exchange rate is 1.61.)
In North America, the number of orders received from existing customers increased by 18 percent compared with prior year, both in the quarter and year to date. 40,000 new customers were acquired in the third quarter. This performance is a continuation of the progress demonstrated in the first half.
The UK direct marketing business achieved third quarter revenue growth of 16 percent, with year to date revenue 12 percent ahead.
SPS (7 percent of Group revenue)
SPS total revenue in the third quarter was £4.40m ($7.08m), 16 percent ahead. Year-to-date total revenue was £12.46m ($20.06m), 8 percent ahead. Orders received in the third quarter were 13 percent ahead and year to date orders were 10 percent ahead.
The group retains a robust financial position with net cash.