Cimpress' Q3 FY2022 reported revenue grew by 15% year-over-year, with organic constant-currency revenue growth at 17%. The company managed inflationary and supply chain challenges while investing in its Vista platform. Consolidated gross profit increased, though gross margin declined slightly. Net leverage was 4.44x trailing-twelve-month EBITDA.
Q3 FY2022 reported revenue growth was 15% year-over-year and organic constant-currency revenue growth was 17%.
Consolidated gross profit increased year over year by $33.1 million, or 12%.
Vista revenue growth accelerated, led by European markets, with successful launch of new technology platform in the United States.
Upload and print businesses delivered strong results, exceeding pre-pandemic periods despite cost increases.
Cimpress expects to delever from current levels in FY2023 as it starts to realize more material benefits of investments across Cimpress.
Visualization of income flow from segment revenue to net income