4imprint is a direct marketing business supplying an extensive range of promotional products and branded apparel to individual buyers in a wide variety of businesses and organisations throughout the USA, Canada, UK and Ireland. 4imprint is the largest direct marketer of promotional products in both the US and Canadian promotional products markets, together totalling $22 billion, and is a leading player in the $1billion UK market. In North America, 4imprint has grown significantly ahead of the market with a five year compound annual growth rate of 15%, consistently gaining market share over this period during which the total market has declined by 1%. Growth has been achieved organically and without investing significant capital.

Background

Promotional products are purchased by a wide range of individuals within all types of organisations. These products are used as an integral part of sales and marketing activities, recruitment and recognition schemes, health and safety programmes and other initiatives to make a lasting connection between the customer organisation and the recipient. The range of products is diverse from basic giveaways such as pens, bags and drinkware to more exclusive products such as embroidered clothing, business gifts and full colour trade show displays.

Position

The market place is highly fragmented comprising more than 21,000 distributors, of which more than 90% each have annual sales of less than $2.5 million. 4imprint has a unique business model through which to address the market. The business uses innovative catalogue and internet-based marketing techniques to acquire new customers and targeted marketing such as Blue Boxes (samples and tailored individual marketing), internet advertising and subscription e-mails to retain customers and generate repeat purchases. This allows 4imprint to address millions of potential purchasers, offering thousands of customised products. Substantial supplier partnerships facilitate rapid and efficient deliveries on short lead times.

Competitive Advantage

4imprint has developed its competitive advantage through the investment of free cash flow to increase its market share using bespoke marketing methods and technology, consequently increasing barriers to entry.

This model offers the customer an easy and convenient way to purchase an extensive range of products via telephone or over the web with the assistance of a highly skilled customer service team. The customer receives free samples, free artwork and unique service guarantees such as 'on time or free' and 'total satisfaction or your money back'.

The model is backed by innovative proprietary technology which provides a fast and simple experience for the customer as well as providing an efficient platform for processing hundreds of thousands of customised orders to tight lead times, including seamless interfaces with key suppliers. Complex database analytics support targeted marketing to millions of potential customers and hundreds of thousands of existing customers.

The US and Canadian markets are serviced out of the principal office in Wisconsin, and the UK and Irish markets out of a UK facility. 4imprint has a strong working culture committed to equipping employees with training and tools to deliver a superior customer experience which is a key component of growth. The US business has been named in the top ten best medium sized companies to work for in USA, in each of the past four years.

http://investors.4imprint.com/4imprintgrp/en/home

29 Jul Liberum Capital 1,220.00 Buy
29 Jul finnCap 1,365.00 Buy

21 Oct finnCap 1,365.00 Buy

4imprint Group: WH Ireland downgrades to outperform, bumps up target price to 1415.00p.

Director selling today . Shares - Could be facing mountain's in the second half of 2015. Time to sell.

Half year report

Broker Forecast - Liberum Capital issues a broker note on 4imprint Group PLC

Liberum Capital today reaffirms its buy investment rating on 4imprint Group PLC (LON:FOUR) and raised its price target to 1600p (from 1350p). Story provided by StockMarketWire.com

10:50 02/08/2016
Broker Forecast - finnCap issues a broker note on 4imprint Group PLC

finnCap today reaffirms its buy investment rating on 4imprint Group PLC (LON:FOUR) and raised its price target to 1790p (from 1540p). Story provided by StockMarketWire.com

10:30 02/08/2016
Broker Forecast - Peel Hunt issues a broker note on 4imprint Group PLC

Peel Hunt today downgrades its investment rating on 4imprint Group PLC (LON:FOUR) to add (from buy) and raised its price target to 1500p (from 1400p). Story provided by StockMarketWire.com

Ex dividend Wed 17 Aug 12.3p

Trading Update
RNS
RNS Number : 0441O
4imprint Group PLC
02 November 2016
 
4imprint Group plc
Trading Update
 
4imprint Group plc, (the "Group"), the leading direct marketer of promotional products, today issues an update on Group trading performance.
 
In the period since the half year results announcement on 2 August 2016, further organic revenue growth has been achieved.
 
As a result, the Board anticipates that full year revenue and underlying profit before tax will be in line with market expectations. 
 

14:30 02/11/2016
Broker Forecast - Liberum Capital issues a broker note on 4imprint Group PLC
Liberum Capital today reaffirms its buy investment rating on 4imprint Group PLC (LON:FOUR) and raised its price target to 1800p (from 1600p). Story provided by StockMarketWire.com
13:00 02/11/2016
Broker Forecast - Peel Hunt issues a broker note on 4imprint Group PLC
Peel Hunt today reaffirms its add investment rating on 4imprint Group PLC (LON:FOUR) and raised its price target to 1700p (from 1500p). Story provided by StockMarketWire.com
10:30 02/11/2016
Broker Forecast - finnCap issues a broker note on 4imprint Group PLC
finnCap today reaffirms its buy investment rating on 4imprint Group PLC (LON:FOUR) and raised its price target to 1860p (from 1790p). Story provided by StockMarketWire.com

17 Nov
finnCap
1,860.00
Buy

Half year report

US Tax Reform
RNS
RNS Number : 2812B
4imprint Group PLC
09 January 2018

4imprint Group plc
9 January 2018

Impact on 4imprint from US Tax Reform

4imprint Group plc (the "Group"), the leading international direct marketer of promotional products, today provides guidance on the expected impact on the Group from recent US tax legislation, ("US Tax Reform").

Given that most of 4imprint's operations (97% of Group revenue) are based in the USA, the Board expects that US Tax Reform will have a beneficial impact on the Group's prospective financial position.

For the year ended 30 December 2017, no change is expected to the Group effective tax rate previously guided at c.30%. The revaluation of relevant non-cash deferred tax items at the new US corporate tax rate is not expected to produce a material effect on the Group's 2017 financial statements.

For the 2018 financial year and beyond, however, the reduction in the Federal tax rate from 35% to 21% is expected to have a positive impact on the Group's financial results. Initial projections indicate that the Group's effective tax rate would decrease from c.30% in 2017, settling in the low 20's% from 2018 onwards. This would result in a beneficial impact on earnings per share calculations. In addition, substantially all of the rate change is likely to translate into lower tax payments, thereby enhancing the cash generation capability of the Group.

The final US Tax Reform legislation is extensive and complex, and the full implications for the Group are still being analysed. It is anticipated that more detailed guidance will be given at the time of the announcement of the Group's final results in early March 2018. In the meantime, the Group plans to issue its usual January trading update on 17 January 2018.

Trading Statement
RNS
RNS Number : 0586C
4imprint Group PLC
17 January 2018

4imprint Group plc
17 January 2018

Trading Update and Notice of Final Results

4imprint Group plc (the "Group"), the leading international direct marketer of promotional products, intends to announce its final results for the year ended 30 December 2017 on Wednesday 7 March 2018. Ahead of its final results, the Group today provides a trading update.

The Group enjoyed robust organic revenue growth during the fourth quarter of 2017. Unaudited Group revenue for the year ended 30 December 2017 was $627.5m, 12% higher than the prior year comparative of $558.2m. Underlying* profit before tax for 2017 is expected to be in line with the Board's expectations.

The Group's financial position remains strong, with an unaudited net cash balance at the 2017 year-end of c. $30.7m, (2016: $21.7m).

* Underlying is before share option related charges, defined benefit pension charges and exceptional items.

8 May
Peel Hunt
N/A
Add
8 May
Liberum Capital
2,150.00
Buy
8 May
finnCap
2,346.00
Corporate

Trading Update
RNS
RNS Number : 9401F
4imprint Group PLC
01 November 2018

1 November 2018
4imprint Group plc
Trading Update

4imprint Group plc, (the "Group"), the leading direct marketer of promotional products, today issues an update on Group trading performance.

The Group's half-year results, announced on 31 July 2018, showed good progress towards the strategic goal of $1bn in revenue by 2022, and reflected very encouraging initial results from the brand marketing initiative launched in March 2018. That momentum has continued into the second half, producing overall demand consistent with the growth percentages experienced in the first half and retaining a healthy balance between new and existing customer orders.

Consequently, the Board now expects that full-year revenue and underlying* operating profit will both be towards the upper end of the range of current market forecasts.

* Underlying is before defined benefit pension charges and exceptional items

8:30 01/11/2018
Broker Forecast - Peel Hunt issues a broker note on 4imprint Group PLC
Peel Hunt today upgrades its investment rating on 4imprint Group PLC (LON:FOUR) to buy (from add) and raised its price target to 2400p (from 2050p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

Trading Update and Notice of Final Results
RNS
RNS Number : 3148N
4imprint Group PLC
17 January 2019

17 January 2019
4imprint Group plc
Trading Update and Notice of Final Results

4imprint Group plc (the "Group"), the leading international direct marketer of promotional products, intends to announce its final results for the year ended 29 December 2018 on Tuesday 5 March 2019. Ahead of its final results, the Group today provides a trading update.

Following the pattern reported at the half year, the Group enjoyed further strong organic revenue growth during the second half of 2018. Unaudited Group revenue for the year ended 29 December 2018 was $738.4m, 18% higher than the prior year comparative of $627.5m. Encouraging progress continues to be made with the brand marketing initiative launched in March 2018. Underlying* profit before tax for the full year 2018 is expected to be at least at the upper end of the range of current market forecasts.

The Group remains well financed, with an unaudited net cash balance at the 2018 year-end of c. $27.5m, (2017: $30.8m).

The operational and financial performance of the Group in 2018 leaves it ahead of schedule towards its strategic goal of $1bn in revenue by 2022. In the context of this level of revenue growth, the Board is pleased to announce that it has accelerated by a year further planned expansion of its Oshkosh, Wisconsin Distribution Centre, at a capital cost in 2019 of around $5m.

* Underlying is before defined benefit pension charges and exceptional items, but after share option costs.