Update: On target for full year growth expectations
Park Group’s interim results showed the expected strong progress across all key business lines and products. Improved consumer confidence, economic recovery, e-commerce distribution and continuing product innovation are all driving top line, with the growth of online also supporting efficiency. The usual seasonal H1 loss is reduced and the full year outlook is reinforced. Management confidence saw the dividend rebalanced towards H1, with an underlying increase of 4.3%.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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