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3 August 2022
VistaPrint Still Recovering , While Cimpress Makes Record Profits
ROCHESTER . NEW YORK—
Cimpress has made record sales and gross profit for it's year end , Vista brand is yet to fully recover as the group nears the end of a huge three-year rebuild . Founder, chairman and CEO Robert Keane said “While Vista's profit continues to be constrained by the significant investments we have made, following the completion of its technology migration, we are focused on leveraging these investments to demonstrate Vista's growth and profitability potential.”
Total sales increased from $2.58bn to $2.89bn in the financial year to 30 June 2022. “Our Upload & Print businesses, National Pen, BuildASign, and Printi all are generating similar or more revenue and profit than they did prior to the pandemic despite lingering pandemic headwinds throughout this past year, supply chain disruption, and cost inflation,” Keane stated. “To return Vista to sustained revenue growth and to its traditional levels of profit, we have been investing deeply in the multi-year transformation journey… in summary, we seek to build what will become best-in-world design and service capabilities that will integrate seamlessly with a broad range of physical and digital small business marketing products.”
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