Appreciate Group - Return to profitability in H2 as expected
Appreciate Group’s (APP’s) FY21 results remained positive despite a significantly negative impact from the pandemic and business transformation, with the usual strong seasonal rebound to profitability in H2. The robust H221 sales performance has been followed by a little more customer hesitancy year to date but management expects a pick-up. Significant strategic progress leaves APP well placed to respond to market recovery and to achieve further growth.Park Group is a provider of prepaid gift cards, multi-retailer gift vouchers and digital rewards services to corporate and consumer markets. Co.'s brands include: Love2shop, a multi-retailer gift voucher and prepaid gift card brand; Park Christmas Savings, which helps families prepare and budget for Christmas in a controlled and careful manner; flexecash®, which issues e-money; Love2shop Business Services, which provides solutions from Co.'s own multi-retailer vouchers and prepaid cards to single store vouchers and cards, gift experiences, holidays and travel; and Evolve, which is a digital rewards platform that provides commercial organizations with a means to reward individuals.
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