4imprint shares surge on earnings forecasts upgrade

Shares in 4imprint Group surged on Friday as the promotional merchandise maker said it expected annual earnings to be slightly above forecasts after a strong trading performance during 2023.

Group revenue was forecast to rise 16% to $1.33bn with pre-tax profit of at least $140m, slightly above the upper end of the current range of analysts' forecasts and 2022’s $104m.

Cash and bank deposits at the 2023 year-end were $105m, up from $87m.

Reporting by Frank Prenesti for Sharecast.com