Full Year Results 2021
Highlights
Kevin Lyons‐Tarr, CEO
|
Full Year Results 2021 |
1 |
Results Summary
Revenue
$787.32m
- 41%
Cash
$41.59m
2020: $39.77m
Operating profitBasic EPS
|
$30.65m |
80.46c |
|
672% |
629% |
Proposed total dividend
45.00c
2020: Nil
|
Full Year Results 2021 |
2 |
Financial Review
David Seekings, CFO
|
Full Year Results 2021 |
3 |
Group Income Statement
|
2021 |
2020 |
||
|
$'000 |
$'000 |
||
|
Revenue |
787,322 |
560,040 |
41% |
|
Gross profit |
226,023 |
157,936 |
43% |
|
Gross profit % |
28.71% |
28.20% |
|
|
Marketing costs |
(127,530) |
(92,880) |
37% |
|
Selling costs |
(32,167) |
(30,784) |
4% |
|
Admin & central costs |
(34,732) |
(29,246) |
19% |
|
Share option related charges |
(607) |
(634) |
-4% |
|
Defined benefit pension admin costs |
(341) |
(420) |
-19% |
|
Operating profit |
30,646 |
3,972 |
672% |
|
Operating margin |
3.89% |
0.78% |
|
|
Interest |
(402) |
(25) |
|
|
Pension finance charges |
(15) |
(104) |
|
|
Profit before tax |
30,229 |
3,843 |
687% |
|
Tax |
(7,643) |
(753) |
|
|
Profit after tax |
22,586 |
3,090 |
631% |
|
Basic EPS |
80.46c |
11.03c |
629% |
Full Year Results 2021
- Revenue +41%
- H1 +23%; H2 +57%
-
- US $773.7m; UK $13.6m
- Gross profit +43%
-
- Small recovery over 2020 GP %
- Product cost inflation offset by careful price adjustments
- Marketing costs +37%
-
- Marketing mix re‐shaped
successfully
-
- Revenue per marketing dollar improved YOY
- Overheads + 11%
-
- Selling costs (mainly payroll) +4%
- Admin in 2020 includes US job retention credits of ~ $4m
- Central costs $3.5m (2020: $3.2m)
- DB pension admin costs now included in operating profit
- Operating margin %
-
- Strong recovery reflects improved trading performance in 2021
- Effective tax rate 25%
4
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4imprint Group plc published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 07:11:05 UTC.