Cimpress reports FY24 adjusted EBITDA $469M vs. $340M in FY23

Reports Fy24 revenue $3.29B, two estimates $3.29B. The company states: “FY2024 was a strong year for Cimpress. We remained on the same strategic and operational path that I described in this letter a year ago, strengthening the value we deliver to our customers, continuously improving our efficiency and accelerating the velocity with which we drive improvements. Through our well established organizational strategy we successfully balanced decentralization for most aspects of how we run Cimpress with the select few shared strategic capabilities in which we invest centrally. In both FY2023 and FY2024 we benefited from and built upon the significant investments and changes we made in the preceding years. For those of you interested in understanding our journey from FY2015 to FY2022, please see last year’s letter in which I reviewed past years of investment and necessary change, our “focus on focus” for FY2023 and beyond, how our bottom line turned a financial corner in FY2023, and our commitment to improve the multi-year rate at which we grow our intrinsic value per share (IVPS). In last year’s letter I also noted that progress rarely happens in a straight line, showing you two financial charts that depicted the history of our revenue and adjusted EBITDA since we went public and our guidance for FY2024.”