Strategic and operational progress
FY17 was a year of continued delivery of the strategy and steady operational progress, with results in line with our expectations. Ongoing investment in digital technology to support product innovation and e-commerce has been at the centre of Park’s growth strategy over a number of years. The strategy has generated a solid record of sales, profits and dividend growth and with a number of new initiatives at an early stage, we expect this trend to continue. Park’s cash-generative business model supports growth and an attractive growing dividend with a debt-free balance sheet.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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