Vistaprint records rocketing growth

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.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter

Leave a comment:

Your email address will not be published. All fields are required

Advertisement

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.
Advertisement