4imprint Group PLC Trading Update and Notice of Final Results (3795M)
January 21 2021 - 1:00AM
UK Regulatory
TIDMFOUR
RNS Number : 3795M
4imprint Group PLC
21 January 2021
21 January 2021
4imprint Group plc
Trading Update and Notice of Final Results
4imprint Group plc (the "Group"), the international direct
marketer of promotional products, intends to announce its final
results for the year ended 2 January 2021 on Tuesday 16 March 2021.
Ahead of its final results, the Group today provides a trading
update.
In our update of 30 October 2020, we noted that weekly order
intake had recovered to just above 60% of 2019 level. This recovery
continued into the final two months of 2020, resulting in order
intake for the fourth quarter on a like-for-like basis of 70% of
the prior year.
Unaudited Group revenue for the year ended 2 January 2021 was
approximately $560.0m, a decrease of 35% compared to 2019.
Underlying* profit before tax for the full year 2020 is expected to
be in line with the Board's expectations.
The Group remains in a strong financial position with ample
liquidity. The unaudited net cash balance at the 2020 year-end was
around $39.8m, (2019: $41.1m).
Although pandemic-related uncertainty remains a challenge, the
Board is proud of the resilience and flexibility demonstrated by
the Group's people and business operations, leaving 4imprint well
placed to capitalise on the opportunities presented by recovering
markets.
* Underlying is before defined benefit pension charges and
exceptional items.
For further information, please contact:
4imprint Group plc MHP Communications
Tel. + 44 (0) 20 3709 9680 Tel. +44 (0) 7884 494112
Kevin Lyons-Tarr , Chief Executive Officer Katie Hunt
David Seekings, Chief Financial Officer Rachel Mann
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