HH Carves out Impressive Results for 2010/11
Friday, July 15, 2011
Press release from the issuing company
HH announced a positive set of results today. Group turnover was £95M for the financial year 2010/11, with an EBITDA of £2.3M and a net profit of £961,000 after tax. Sales have grown by 7% on the previous year, whilst the EBITDA has more than doubled. The net debt in the group has also reduced to £6.6M, exemplary within its peer group. Significant investments have been made in retail and digital media and also in HH's marketing technology platform HHub.
The Group has exciting expansion plans to be unveiled later in the summer, a number of not insignificant contract wins, and a very healthy new business pipeline. New agreements and or contracts have been signed with some of the biggest global brands in the World including. HH remains a very strong performer with global megabrands.
The results are delivered at a time of uncertainty when the market is less than optimistic and trading conditions are still turbulent in many core markets, including the UK and US.
Geographical expansion has continued with exciting developments in Russia, Turkey, India, Latin America and Asia Pacific. Whilst HH's longer standing US and European markets continue to perform well.
The group plans to continue its journey into marketing services becoming increasingly less dependent on printed output and more relevant to the global digital marketer.
"It's a really interesting time in our evolution" says Robert MacMillan, CEO. "The global downturn made us re-evaluate our entire business model and raison d'être. The net result is that the group is now in excellent health. We've brought some exciting talent into the business; we're producing work in lots of interesting new areas and having the right effect on the bottom line. Watch this space"
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