CMPR - Cimpress' Margin Expands But A Few Market Challenges Persist
2024-07-05 07:25:17 ET
Summary
- Cimpress saw improvements in financial results in Q3 2024 with increased revenues and improved EBITDA margins in most operating segments.
- The company plans to manage leverage ratio better in the future and expects mid-single-digit revenue growth in FY2025.
- Despite some end-market challenges in the home décor, CMPR remains reasonably valued, with an upside potential.
CMPR Has Many Positives
I have been discussing Cimpress plc ( CMPR ) in the past, and you can read my previous article published on January 11, 2024. In that piece, I how the company benefited from above-average growth in Europe, while North America witnessed slow growth. By Q3 2024, an improvement in the real estate market started to impact its BuildASign and Vista sales positively. In Q3, the adjusted EBITDA margin in most of its operating segments improved. The company also plans on managing its leverage ratio better in the future....
Cimpress' Margin Expands, But A Few Market Challenges Persist