Shares in 4imprint Group Plc (AQSE:FOUR) bounced back from a recent one-year low after the producer of promotional products posted an upbeat trading update, with orders from existing customers offsetting softer new customer orders.
The maker of tote bags, mugs, lip-balms etc with your brand emblazoned on them said revenue grew 3% last year, driven by 2% growth in both order count and order value.
Customer retention continued to be robust, with orders from existing customers up 5%, offsetting weaker new customer orders, which fell 9%.
Gross margin was stable in the second half and profit before tax is expected to be no less than US$153 million.
Analysts at house broker Peel Hunt said revenue was in line with forecasts but PBT was a 2% beat.
Net cash at year-end of US$148 million, up from US$105 million, was about $10 million higher than forecast, mainly due to work capital efficiencies.
"This is another steady statement from 4imprint. Even though uncertainty over US tariffs remain, the business is performing resiliently. Margins are holding up well and cash is building up," they said.
The shares jumped 8.% to 5,388.5p on Tuesday morning, having last year hit an all-time high above 6,500p in April before falling to a low of around 4,700p earlier this month.