9 Jul 2013 07:00
9 July 2013
Tangent Communications plc ("Tangent" or the "Company")
AGM Statement
Our retail websites; printed.com and goodprint continued to generate a large proportion of our sales and profits in the first quarter.
The integration of goodprint into our state of the art facility in Newcastle alongside printed.com has delivered greater than expected savings to the group.
Our challenge is to attract and retain a volume of customers whilst restricting our advertising budget to 27% of revenues. We continue to look at how customers purchase across printed.com and goodprint, to ensure we are adopting a best of class approach.
We monitor the progress of our websites by reference to the following KPIs which are comparable to those previously reported:
printed.com and goodprint | 3 months to May 2013 |
Sales | £2.31m |
New customers | 17,829 |
Unique customers | 30,616 |
Average order value (new customers) | £41.01 |
Average order value (repeat customers) | £63.62 |
Advertising/Sales | 27% |
All other parts of the Group started the year well.
We are delighted to announce the appointment of Steven Grout as CEO of our digital marketing agency Tangent Snowball.
Steven brings a wealth of experience having run CRM and loyalty programmes for brands such as British Airways, Ford, Heinz, Pfizer, and Three Mobile. Steven has run a number of agencies; Carlson Marketing Group, Rapp Collins Europe and most recently Targetbase Claydon Heeley.
For further information, please contact:
Tangent Communications plcTimothy Green - Chief Executive: 020 7462 6101Seema Paterson - Corporate Development: 020 7462 6101
Canaccord Genuity Limited - Nominated adviser and broker
Bruce Garrow / Emma Gabriel 020 7523 8350