BREAKING NEWS:
 
 
 

Vistaprint records rocketing growth

Story Image
Booming: Vistaprint is a web-to-print business
Booming: Vistaprint is a web-to-print business

Vistaprint, the company that is currently advertising 250 business cards for $10 on Australian television ads, saw a 16 per cent growth in global revenue to US$348.3m over the second quarter (Oct-Dec) 2012-13 compared to the prior year.

Gross margin (revenue minus the cost of revenue as a percent of total revenue) in the second quarter was 67.2 per cent, compared to 66.8 per cent in the same quarter a year ago.

Operating income in the second quarter was US$33m, or 9.5 percent of revenue, and reflected a slight increase compared to operating income of US $32.5m, or 10.9 percent of revenue, in the same quarter a year ago.

Excluding the impact of currency exchange rate fluctuations revenue grew 17 percent year over year, while excluding the impact of currency exchange rate fluctuations and revenue from acquisitions it grew by 14 per cent,

Capital expenditures in the second quarter were US$27.6m, or 7.9 per cent of revenue. As of December 31, 2012, the company had US$64.7m in cash and cash equivalents and US$230.5m in long-term debt, with $157m remaining under its credit facility.

Vistaprint operates in the US, Europe and the Asia Pacific, where its manufacturing plant is located in Melbourne, operating Roland 700 offset and Indigo digital presses. The company is entirely web-to –print, and targets what it calls micro-businesses and the general public.


Add your comment


OUR NEWS REGIONS

 

LATEST ISSUES ONLINE

Australian Printer
Asia Pacific Packaging Magazine
New Zealand Printer magazine
 
Banner

Latest AP Online

Australian Printer

OUR NEWS REGIONS

Features

2012: a busy year

2012 produced challenges, achievements, and more than a few changes for the industry. New PrintNZ manager Ruth Cobb reviews an eventful year

Read more
 

Tropical delight

Queensland based jobbing outfit Payne Print believes that investing in new technology is key to keeping ahead, and has just taken delivery of a new single-colour GTO

Read more
 
sideBar