UK's 4imprint falls on flagging challenging North American market

4imprint

12/11/2024 10:02

** Advertising and marketing company 4imprint Group  FOUR.L 
slips as much as 12.1% to 4,780p; lowest since Jan. 18
    ** Co says promotional products industry in its primary
North American market has continued to present a "challenging
trading backdrop"
    ** Says YTD new customer orders down 9% YOY 
    ** However, retains FY24 group profit before tax estimates
in the current range of analysts' forecast at just over $150 mln
    ** Sees FY24 group rev to be around $1.37 bln vs analysts'
expectations of $1.39 bln, according to estimates compiled by
LSEG
    ** Stock rated "buy" or higher on avg; median PT is 7,365p
    ** FOUR up 11.38% so far this year, as of last close
    
    

 (Reporting by Ankita Bora in Bengaluru)
 ((Ankita.Bora@thomsonreuters.com))