4imprint Group shares soared 10.7% to 2,692.1p in early morning trading on Tuesday following the company’s reported confidence in hitting its $1 billion revenue target for FY 2022 in its HY1 trading update.
The marketing group announced a 14% climb in total order counts across North America in the period against HY1 2019, alongside a 14% rise in average order values, resulting in overall demand revenue growth of 30%.
4imprint Group confirmed its FY 2022 operating profit expectation had also significantly improved, with an estimation of at least $75 million.
The firm commented its results were linked to volume revenue growth, combined with leverage in the business model and further driven by gains in its marketing programme productivity.
Additionally, the company said its gross margins remained steady in the inflationary environment and operational gearing over the cost base.
4imprint Group added that it was aware of the volatile macro-economic environment, and warned that its results going forward could potentially be impacted for the remainder of the financial year.