The UK’s leading multi-redemption voucher and prepaid gift card business

Preliminary Results for the year ended 31 March 2013

11 June 2013

Summary

Park Group plc, the UK’s leading multi-redemption voucher and pre paid card business focussed on the corporate and consumer markets is pleased to report increased sales and profit for the year ended 31 March 2013. 

Financial highlights

Profit before taxation increased 11 per cent at £9.5m (2012: £8.6m)

Billings increased by 7 per cent to £352.0m (2012: £329.0m)

Finance income of £2.0m (2012: £1.7m)

Earnings per share increased by 17 per cent to 4.58p

Proposed final dividend increased 5 per cent to 1.55p per share (2012: 1.475p per   share) making a total dividend for the year of 2.1p per share (2011: 2.00p   per share), an uplift of 5 per cent.

Total cash balances peaked at £170m (2012: £152m).    Year end cash balance of £10.8m (2012: £7.1m) with a further £48.3m   (2012: £46.9m) of monies held in trust 

Operational highlights 

Innovation and application of internet and social media technology continue to drive the   business, with important new product launches during the year

Corporate and Consumer businesses make further strong progress. Corporate billings   ahead by over 8 per cent at £152.6m (2012: £141.8m) and Consumer billings   increased by 7 per cent to £199.4m (2012: £187.2m)

flexecash® prepaid card now has close to 900 corporate users   with over £160m of value loaded on approximately 2.4 million individual cards   since launch

New web sites as well as smart phone and tablet applications launched

Peter Johnson, Chairman, commented:   

“The transformation of Park over recent years has been very significant. Park continues to build on the leading market positions of its operations serving the consumer and corporate sectors, delivering high levels of service backed by product innovation and investment.  The economic outlook remains flat but we look forward with confidence, focused on delivering another sound performance for all our stakeholders.”

Enquiries:

Chris Houghton/Martin Stewart

Adrian Trimmings/Jamie Cameron

John West/Andrew Dunn

Park Group plc

Arden Partners plc

Tavistock Communications

Tel: 0151 653 1700

Tel: 020 7614 5920

Tel: 020 7920 3150

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