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4 Sep 2013 07:00
Tangent Communications plc ("Tangent" or the "Company")
Trading Update
Tangent's trading in the first six months of the financial year has been in line with expectations.
Our retail websites; printed.com and goodprint approach our third quarter trading period with their highest number of active customers on record and we expect them to deliver 15% operating margins during this peak period.
We were encouraged by the second quarter KPIs during the quieter Summer period, in particular by the strong levels of spend from repeat customers and the lower level of advertising expenditure .
We monitor the quarterly progress of our websites by reference to the following KPIs:
printed.com and goodprint | Q2 to 31 August 2013 |
Sales | £2.12m |
New customers | 12,854 |
Unique customers | 26,111 |
Average order value (new customers) | £37.71 |
Average order value (repeat customers) | £62.58 |
Advertising/Sales | 25% |
All other parts of the business are trading well, notably Ravensworth which is experiencing an upturn as a result of the buoyant UK property market.
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
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