4imprint Group (FOUR) Trading Update summary

Financial performance

• Revenue for 2024 expected at $1.37bn, up 3% from $1.33bn in 2023.

• Profit before tax anticipated at not less than $153m, exceeding analyst forecasts and up from $141m in 2023.

• Gross profit margin stable at around 32%, with a double-digit operating profit margin.

• Cash and bank deposits at year-end reached $148m, up from $105m after a $20m capital investment.

Operational highlights

• Total order count and average order value both increased by 2% year-on-year.

• New customer orders declined 9%, while existing customer orders rose 5%, indicating strong retention.

• Major capital investment made to expand the Oshkosh distribution centre, supporting apparel growth.

Strategic outlook

• Flexible marketing mix allowed tailored investment to market conditions.

• Business model remains highly cash-generative and resilient.

• Board expresses confidence in strategy, positioning, and future prospects.