PKG27 Sep 2012 09:10
AGM Statement
At the Company's Annual General Meeting to be held today at 12 noon, at The Vice Presidents Room, Tranmere Rovers Football Club Limited, Birkenhead CH42 9PN, Peter Johnson, Chairman of Park Group plc, will make the following statement:
"Park achieved an excellent set of results in the year to 31 March 2012, demonstrating good progress across the entire Group from both traditional and new business activities. This performance has continued in the current year as we capitalise on our leading market positions and strong customer relationships, all backed by exciting new products.
"In the results for the last financial year, which we announced on 12 June 2012, we outlined the impressive series of new product developments which have been introduced using the flexecash® card platform; the web; and new mobile phone applications. Park's internet, social networking and Smartphone presence continues to advance rapidly and the Company is continuing to invest in the latest technology, systems and know-how in order to stay abreast of developments and maintain our market leading position.
"The current year has seen a continuation of last year's good progress with savings orders for Christmas 2012 currently at circa 6% above the equivalent period last year. Corporate sales are also doing well, currently showing a 13% growth year-on-year while highstreetvouchers.com, our online business, has achieved an impressive 26% year-on-year increase in billings. These figures represent a sound achievement across the Group, delivered against the backdrop of a weak economy and cautious consumer spending with customers understandably demanding increased value for money.