Cimpress reported solid Q1 FY2025 results with a 6% increase in revenue and operating income growth. The company also strengthened its balance sheet through debt refinancing and share repurchases.
Revenue grew 6% on a reported basis and on an organic constant-currency basis.
Operating income increased $5.2 million year over year to $39.3 million.
Adjusted EBITDA decreased $1.0 million year over year to $87.8 million, impacted negatively by currency movements.
The company repurchased 239,191 shares for $20.0 million, reducing outstanding shares by 1%.
The company remains confident in its ability to continue to grow constant-currency organic revenue, adjusted EBITDA and adjusted free cash flow over the coming multi-year period. They also expect to reduce net leverage by the end of FY2025.
Visualization of income flow from segment revenue to net income
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