The 4imprint Group saw its shares increase 1.98% to 2,835p in early morning trading on Wednesday, after the company announced a soaring 687% jump in profits in its 2021 financial results.
The marketing company reported a 41% climb in revenue to £787.3 million compared to £560 million in 2020.
The firm noted a 672% increase in operating profit to £30.6 million against £3.9 million in 2020, alongside a 687% rise in pre-tax profit to £30.2 million compared to £3.8 million in 2020.
The 4imprint Group announced a total dividend per share of 33.8p for 2021, after declining to pay a dividend over 2020.
The firm attributed its strong financial report to trading recovery in 2021 after the dent in revenue from the Covid-19 pandemic in 2020.
The company highlighted its advantageous financial position of a $41.5 million cash balance with no debt.
The company further acquired 263,000 new customers over the year, compared to 173,000 in 2020.
“The recovery in the Group’s financial performance in 2021 has been very encouraging,” said 4imprint Group chairman Paul Moody.
“Most importantly, it was driven by decisions and actions fully aligned with the Group’s strategy, culture and focus on the sustainability of the longer-term health of the business.”
“Challenges continue with regard to the ongoing pandemic, supply chain disruption and inflationary pressures.”
“However, the Group has a clear strategy and is financially strong.”
“Trading results in the first few weeks of 2022 have been encouraging.”