2/07/13

Vistaprint’s web sales climb 16% in Q2

Net income dipped 29% for the custom printing company.

Bill Briggs , Senior Editor

Vistaprint NV, an international web-only retailer of printing and related services to small businesses and consumers, grew sales in the second quarter but net income fell.

For the second quarter ended Dec. 31, Vistaprint, No. 35 in Internet Retailer’s 2012 Top 500 Guide, reported:

“Net income declined due to several year-over-year differences in below-the-line

items, including interest expense, other income, our tax provision, and the effect of our new indirect minority equity interest in China,” the company says. In July Vistaprint acquired an equity interest in Namex Ltd. and its related companies including a Chinese printing business.

For the first six months, Vistaprint reported:

Vistaprint’s 2011 web sales of $817 million represented 2.3% of $36.08 billion in total sales among office supplies retailers in the 2012 Internet Retailer Top 500 Guide Top 500.

Topics:

Albumprinter, Namex, online office supplies, online printing services, Q2 2013 earnings, Top 500, Vistaprint, Webs

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