4imprint FY revenues surge, pre-tax profits seen at upper end of forecasts
Promotional products business 4imprint Group said on Friday that full-year unaudited group revenues had shot up in 2021, pushing pre-tax profits towards the upper end of analysts' forecasts.
4imprint stated revenues for the 2021 financial year was approximately $787.0m, an increase of 41% year-on-year, as its total order count was roughly 90% of the figure seen in 2019, demonstrating "a strong recovery" in the business over the course of the year.
The FTSE 250-listed firm's unaudited net cash balance at the 2021 year-end was $41.6m, slightly higher than the $39.8m reported at the same time a year earlier, leaving the group in "a good financial position" entering 2022.
"Even as challenges remain regarding the supply chain, inflationary pressures and the lingering effects of the pandemic, our performance in 2021 further demonstrates the flexibility and resilience of our business model. The board is very pleased with the group's progress in 2021 and is confident that the qualities embodied in our brand continue to resonate with our customers," said 4imprint.