4imprint Group Reports Revenue Up 18 Percent
4imprint Group PLC, parent of Oshkosh, Wisconsin-based distributor 4imprint (PPAI 107200), reports that its revenue for the year ending December 29, 2018 was $738.4 million, up 18 percent over the previous year. Final results will be announced on March 5.
In its trading update ahead of the final results, 4imprint notes that encouraging progress is being made by the brand marketing initiative it launched in March 2018, and that underlying profit—profit before defined benefit pension charges and exceptional items, but after share option costs—before tax for 2018 is expected to be at least at the upper end of the range of current market forecasts.
Looking ahead, 4imprint notes that its 2018 operational and financial performance placed the company ahead of its strategic goal of $1 billion in revenue by 2022, and that in the context of this revenue growth, 4imprint Group’s board is a year ahead of schedule for the planned expansion of its Oshkosh distribution center.