Sheffield-based Altitude Group plc, which designs and sells branded merchandise to customers around the world, said full-year sales and profit grew, as it made progress in the lucrative US university market. 

Ahead of releasing full results next week, the company said it expected revenue to be up 33%, at constant currency, to £24 million, with adjusted operating profit of £2.4 million, up from £2 million in the previous year. 

“The Group’s investment in its Merchanting divisions, including both ACS and its collegiate market disrupting University Gear Shop solution have each contributed significant growth to the Group,” the company said. 

For the current financial year, it said it continues to perform well across both its Services division and its rapidly scaling Merchanting division. 

Nikki Stella, CEO of Altitude, said: “This has been another year of stellar growth within the business. Altitude has delivered 6 consecutive years of growth demonstrating the strength of its people and ability to execute. We remain very confident about the future and look forward to another year of significant progress.”