Cimpress backs FY24 revenue growth view of at least 8%

The company states: “While revenue performance in Q1 was mixed by segment, we continue to expect consolidated FY2024 reported revenue growth of at least 8%, and organic constant-currency revenue growth of at least 6%. Based on our Q1 results, we are increasing our profitability guidance to an expectation for FY2024 operating income of at least $206 million and adjusted EBITDA of at least $425 million. Consistent with our prior guidance, we expect conversion of adjusted EBITDA to adjusted free cash flow of approximately 40%. We continue to expect we will reduce our net leverage as defined by our credit agreement to below 3.25x by the end of FY2024.”