Business
AGM and Interim Management Statement
AGM and Interim Management Statement.
About this update from 4imprint Group Plc
[{"type":"text","content":"\n \nRNS Number : 7377D 4imprint Group PLC 01 May 2013 \n \n\n4imprint Group plc\nAGM and Interim Management Statement 1 May 2013\n \n4imprint Group plc, the international promotional products Group, is today holding its Annual General Meeting and providing an interim management statement for the period from 30 December 2012 to 30 April 2013, incorporating information relating to the financial performance of the Group for its first quarter, being the period from 30 December 2012 to 30 March 2013.\n \nGroup revenue for the first quarter was £42.38m, 13% ahead of the first quarter of 2012 at £37.48m.\n \n4imprint Direct Marketing (92% of Group revenue) \nRevenue for the first quarter was £39.13m, 15% ahead of prior year. \n \nNorth American first quarter revenue at $58.13m was 14% ahead of prior year. The average USD exchange rate for the quarter was US$1.55 (US$1.57 in the first quarter of 2012). \n \nIn North America, customer acquisition was consistent with the phasing of marketing activity and 32,000 new customers were acquired. The number of orders received from existing customers increased by 18%. \n \nThe UK Direct Marketing business achieved first quarter revenue growth 16% ahead of prior year.\n \nSPS (8% of Group revenue)\nSPS total revenue in the first quarter was £3.62m, 6% below the first quarter of 2012. However, order intake was encouraging with total orders received in the first quarter being 4% ahead of the same period in 2012. \n \nFinancial Position\nThe Group retains a robust financial position. In the first quarter £1.25m was received as deferred consideration for the sale of Brand Addition.\n \nOutlook\nThe Group continues to deliver organic revenue growth and the Board anticipates further progress in 2013.\n \n \n \nFor further information, please contact:\n \n\n\n\n\n4imprint Group plc\n\n\nMHP Communications\n\n\n\n\nTel: + 44 (0) 20 7299 7201\n\n\n\n\n\n\n\nJohn Poulter\nChairman\n \nGillian Davies\nGroup Finance Director\n\n\nReg Hoare\nTel: + 44 (0) 20 3128 8793\n \nKatie Hunt\nTel: + 44 (0) 20 3128...