7 November 2018
Cimpress ( Vistaprint) Disappointed with Revenue
Vistaprint's plant in Windsor Ontario
Vistaprint's plant in Windsor Ontario
Cimpress ( parent of Vistaprint) has described  sales growth as “disappointing” after revenues came in below expectations. Cimpress reported “revenue weakness across all our segments” and said that currency changes combined with the knock-on effects of acquisitions and disposals had impacted the figures. Adjusted net operating profit was down 49% to $5.3m.
Cimpress said it had cut prices in response to “increased price-based competition” in the highly competitive trade web-to-print market.  Vistaprint Division as well as the Vida custom clothing and accessories startup acquired in August, made a loss of $9.6m (prior year loss $7.6m) .
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