Cimpress N.V. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended December 31, 2017
January 01, 2018 at 02:43 am IST
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Cimpress N.V. announced unaudited consolidated financial results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported revenues were $762.054 million against $576.851 million a year ago. Income before income taxes was $52.448 million against $54.623 million a year ago. Net income attributable to company was $29.935 million or $0.93 diluted per share against $35.028 million or $1.07 diluted per share a year ago. Income from operations was $72.709 million against $33.705 million a year ago. Net cash provided by operating activities was $160.363 million against $105.059 million a year ago. Purchases of property, plant and equipment was $18.217 million against $16.941 million a year ago. Purchases of intangible assets were $0.254 million against $0.062 million a year ago. Adjusted net operating profit was $93.7 million compared to $57.3 million a year ago. Operating income was $72.7 million compared to $33.7 million a year ago. Adjusted EBITDA was $133.5 million compared to $93.9 million a year ago.
For the six-month period, the company reported revenues were $1,325,338 million against $1,020.564 million a year ago. Income before income taxes was $69.667 million against $14.779 million a year ago. Net income attributable to company was $53.298 million or $1.65 diluted per share against $5.925 million or $0.18 diluted per share a year ago. Income from operations was $119.322 million against $5.897 million a year ago. Net cash provided by operating activities was $176.742 million against $114.659 million a year ago. Purchases of property, plant and equipment was $38.674 million against $36.260 million a year ago. Purchases of intangible assets were $0.278 million against $0.088 million a year ago. Adjusted net operating profit was $139.8 million compared to $122.0 million a year ago. Operating income was $67.7 million compared to $4.4 million a year ago. Adjusted EBITDA was $288.7 million compared to $247.6 million a year ago.
Cimpress plc is focused on mass customization of printing and related products, via which it delivers volumes of individually small-sized customized orders. Its segments include Vista, PrintBrothers, The Print Group, National Pen and All Other Businesses. The Vista segment includes Vista, the parent brand of multiple offerings, including VistaPrint, VistaCreate, 99designs by Vista, Vista Corporate Solutions, and Depositphotos. The PrintBrothers segment includes its druck.at, Printdeal, and WIRmachenDRUCK businesses. The Print Group segment includes its Easyflyer, Exaprint, Pixartprinting, and Tradeprint businesses. The National Pen segment includes the global operations of its National Pen business, which manufactures and markets custom writing instruments and promotional products, apparel and gifts. The All Other Businesses segment includes two businesses grouped together based on materiality. Its products are marketing materials, business cards, signage, packaging and others.