Cimpress has recording good growth in Sales and income for the fiscal 2019 despite tough trading conditions. Cimpress is the owner of online printing giant Vistaprint and they came to the conclusion that fiscal 2019 was a very disappointing year for the company with regards to their performance. In fact, the performance was so poor that Vistaprint’s business increased by less than 1%. It’s other major business, National Pen, declined in profitability.

Cimpress also announced that it doubled it’s income to $93.5 million dollars which equates to $3.00 per share. This is a big improvement over it’s previous years performance of $1.36 per share. The company also reported that revnue rose by 6% to a subdued $2.75 billion dollars. Things were also looking up in fourth quater of 2019 with revnue up 7% to $674.7 million. There was a improvement in net income with a final figure of $33.2 million dollars which equates to $1.09 per share. This is an improvement from the previous period’s loss of $5.6 million dollars which equates to a loss of $0.24 per share.

Part of the improvement in the performance was due to a reduction in advertising of Vistaprint which was cut by $39.6 million dollars. They also cut the company’s pay to the board of directors by reducing the number of people on the board and there was also an decrease in share based compensation expenses.

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