4imprint set to materially beat analysts' estimates for 1H profits
4imprint said that demand continued to be robust and that it was set to beat analysts' estimates for half-year profits.
4Imprint Group
29 April 2024 11:35:19
Source: Sharecast
The marketer of promotional merchandise said that demand in the first half of 2023 continued to be "encouraging" with year-to-date total order intake 18% ahead on the year before.
In a trading statement, 4imprint also said that it was anticipating a "strong" first half for revenues, profits and cash.
It guided towards full-year revenues slightly above $1.3bn, adding that profit before tax would "materially" exceed analysts' estimates at no less than $125m.
The company credited revenue growth, higher gross margins and "strong" returns on marketing investment for that outcome.
As of 1255 BST, shares of 4imprint were jumping by 12.63% to 4,995.0p.