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Cimpress Reports Second Quarter Fiscal Year 2018 Financial Results

Thursday, February 01, 2018

Press release from the issuing company

Venlo, the Netherlands – Cimpress N.V., the world leader in mass customization, has posted on its investor relations website at ir.cimpress.com its financial results for the three-month period ended December 31, 2017, in a document called "Q2 Fiscal Year 2018 Quarterly Letter to Investors". The company has also posted on that site an accompanying spreadsheet with historical financial results and operating metrics.

As previously announced, on Thursday, February 1, 2018 at 7:30 a.m. (EST) Cimpress will host a live Q&A conference call with management to discuss the financial results, which will be available via webcast at ir.cimpress.com and via dial-in at +1 (844) 778-4144, conference ID 4994308. A replay of the Q&A session will be available on the company’s website following the call on February 1, 2018.

In his letter to investors Robert S. Keane Founder, President & CEO notes:

  • Our businesses delivered strong results and we remain on track relative to our internal objectives for all of fiscal year 2018.
  • Consolidated revenue grew 32% year over year, and organic constant-currency revenue grew 11%.
  • Cash flow from operations and free cash flow improved materially, in line with our expectations.
  • Vistaprint implemented the organizational restructuring, as announced in last quarter's earnings materials. The restructuring charge was lower than we originally estimated; however we believe the anticipated savings will materialize as expected.
  • National Pen delivered substantial growth in its seasonally important December quarter, its first such quarter as part of Cimpress. Thirteen months following the transaction, we remain pleased with the National Pen acquisition.
  • We repurchased 121,444 of our own shares during Q2 for $14.5 million at an average price per share of $119.11. We repurchased an additional 321,113 shares for $39.6 million at an average price of $123.23 subsequent to the end of that quarter.
  • We reduced our leverage ratio from 3.39 times trailing-twelve month EBITDA at the end of September, 2017 to 2.58 at the end of December, 2017, through a combination of EBITDA expansion and debt repayment.

 

 

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