Report
Fiona Orford-Williams

4imprint Group - Steady rebuild as economy reopens

4imprint’s FY20 revenues were, as indicated at January’s update, slightly ahead of our previous forecast after more positive Q4 trading. Indications are that revenues are continuing to regain ground as the US economy builds back. In January and February, quieter trading months, order counts were at 65% of FY19 levels, with March (to date) showing further progress, allowing us to move FY21 estimates ahead. The group’s considerable cash resource has enabled it to trade through the shutdowns while keeping its infrastructure and people in place. The speed of its financial recovery will inevitably reflect the timing and scale of the rebound in US corporate health.
Underlying
4imprint Group PLC

4Imprint Group is a direct marketer of promotional products in the U.S., Canada, the U.K. and Ireland. Co. sells a range of promotional products including merchandise custom printed with the logo or name of an organization with the intention of promoting a brand, service, product or event. Co.'s product range comprises of individual products ranging from basic giveaways such as pens, bags and drinkware to items such as embroidered apparel, business gifts and full size trade show displays.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Fiona Orford-Williams

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