Update: Positive momentum maintained
Preliminary results for the year to 31 March 2015 showed strong progress and were ahead of market expectations, including our own. Sales, margins, and cash generation all positively surprised us. An improvement in business customer activity and consumer confidence, compared with the prior year, combined with continuing product innovation and ongoing e-commerce investment drove the top line. An increasing share of online business is supporting efficiency. The current year has started well, and our estimates for earnings and fair value are increased.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.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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