Vistaprint 2014 Annual Report Download - page 4
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Our priorities can only be achieved through hard work and disciplined decision making that balances sound analysis
and judgment. They require managing risk and the harvesting of past investment and, very importantly, they also
require audacity and investment for the long term.
In terms of leadership, no company comes close to our scale and our ability to mass customize products that
empower millions of customers to make an impression, and we intend to further our lead materially over the coming
years. In regard to long-termism, we look to create value for our stakeholders as measured from the perspective of
decades. With respect to intrinsic value, last year, in fiscal year 2014, we generated $1.91 of free cash flow per
share, with the anticipation of significant growth in the coming years thanks to our ongoing investments in our
future.
Finally, and very importantly, before closing this letter I would like to thank each of our team members for their hard
work and dedication last year. As of June 30, 2014, we employed over 5,000 team members in more than 20
different locations across 17 countries. Without their talents we could never have created this company, and we
could never achieve the priorities set out above.
Sincerely,
Robert S. Keane
Chairman of the Management Board, President and CEO
Special Note Regarding Forward-Looking Statements
The statements in this letter concerning our expectations for the future growth and development of our business and anticipated effects of our
strategy and investments constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation
Reform Act of 1995. Our actual results may differ materially from those indicated by these forward-looking statements as a result of various
important factors, including but not limited to those contained in the Risk Factors section of this Annual Report.