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9 August 2023
Cimpress(Vistaprint) Sales and Profits Up
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Cimpress (patent company of Vistaprint) revenue was up 6.65% to $3.08bn , while adjusted EBITDA improved to $340m from $281m the prior year. Vista, the biggest business, grew sales by 6.5% to $1.61bn, while its EBITDA was $224m. The Upload & Print division, which includes Tradeprint, was almost $1bn and posted sales of $925m, up $69m year-on-year.
EBITA increased from $125m to $131m. Cimpress also spent $90.8m interests in its PrintBrothers operations in Germany. National Pen, which was badly hit by the pandemic, posted sales up just 0.7% at $366m, while EBITDA fell by $3m to $24m. BuildASign sales increased by $5m to $187m while EBITDA slipped from $31m to $28m.
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