4imprint shares soar on "excellent" 2023 revenue growth

4imprint Group (LSE: FOUR), the marketer and distributor of promotional products, said on Friday it enjoyed an “excellent” 2023, with revenue up 16% and profit exceeding forecasts.

Shares in 4imprint closed 12.8% higher at 5,230.00 pence on Friday after the company issued a trading update showing strong growth. The London-based company said revenue for 2023 rose to $1.33 billion from $1.14 billion a year earlier, while pretax profit was at least $140 million, up from $104 million and slightly above analyst estimates.

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“Excellent progress has been made by the group during the course of 2023, giving rise to a strong financial performance for the year,” 4imprint said. The company cited significant operational progress in 2023, reflecting a clear strategy and a highly resilient business model.

4imprint will announce full 2023 results on March 13 but said its board remains confident in the company’s prospects going forward. The trading update indicates 4imprint continues to execute well with its promotional products business, leading to surging sales and profits.