PARK GROUP PLC
("Park" or the "Company")
Park (AIM: PKG.L), the UK's leading multi-retailer gift voucher and prepaid gift card provider, today announces an update on trading for its financial year ended 31 March 2013. The company will announce its preliminary results on Tuesday 11 June 2013.
The progress reported at the half year has been maintained with a steady advance in billings across each of our business divisions. Christmas Savings increased billings by approximately 5%, Corporate billings improved around 8% and our direct trading web site, highstreetvouchers.com, delivered billings growth of some 26% compared with the previous year.
flexecash® our innovative prepaid card, continues to develop and we have now processed more than £155 million through the platform since its launch in 2010. flexecash® continues to open new markets and the new products we have developed for the employee benefits and charity markets are beginning to gain traction.
Orders for Christmas 2013 in the UK remain steady and at a similar level to last year, while in Ireland we are making very good progress with orders currently some 20% above the same date last year.
Love2shop, Park's leading multi-retailer gift voucher and prepaid gift card, is accepted at over 85 leading retail stores, leisure outlets and attractions across the UK, offering our customers a wealth of redemption options.
The Board expects to report another encouraging performance for the year ended 31 March 2013 in line with market expectations and the development prospects for the Group remain strong.
For further information please contact:
Park Group plc
Arden Partners plc
Tel: 0151 653 1700
Tel: 020 7614 5920
Tel: 020 7920 3150