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VistaPrint closes the book on a good year
VistaPrint, an online retailer of custom print products, generated net income of $27.1 million on revenue of $255.9 million in FY 2007 compared with net income of $19.2 million on sales of $152.1 million for fiscal 2006.
VistaPrint Ltd. just closed the books on a record year, with sales rising 68% and net income growing by 41% for fiscal 2007.
VistaPrint, an online retailer of custom print products, generated net income of $27.1 million on revenue of $255.9 million in FY 2007 compared with net income of $19.2 million on sales of $152.1 million for fiscal 2006. In the fourth quarter, sales rose by 60% to $72.5 million from $45.3 million in the prior year, but net income decreased slightly to $5.4 million from $5.6 million in the prior year.
"VistaPrint delivered an outstanding fourth quarter and fiscal year consistent with its operating and financial strategy," says CEO Robert Keane. “We remain at the early stages of significant growth and look forward to expansion in the coming fiscal year."
In fiscal 2007 VistaPrint, No. 79 in the Internet Retailer Top 500 Guide, added approximately three million new customer names to its marketing database, including 850,000 in the fourth quarter. “We were strongly profitable, delivered rapid revenue growth and acquired an increasing number of new customers,” says Keane.
VistaPrint is projecting sales in the first quarter of fiscal 2008 to range from $74 million to $79 million and from $360 million to $380 million for the full year.