HH Global posts best-ever annual results
Monday, May 8, 2017
Leatherhead-headquartered HH Global has continued on its exponential growth curve posting record full-year profits up 58.1% on last year, on revenues up 37.3%.
Chief executive Robert MacMillan said the figures for the year ended 31 March 2017 were “a testament to the continuing strength of the company” and attributed the unprecedented growth to “sustained efforts by our rapidly growing team and the support of our outstanding global supply chain”.
Total revenue topped £290.2m, compared with £211.3m in 2016, and gross profit was £65.5m, resulting in a profit margin of 22.6%.
The company’s non-GAAP adjusted EBITDA growth was even more impressive; at £13m this was an increase of 70.7% compared with 2016.
All three of the company’s regional operations experienced rising sales. EMEA had the biggest increase, with revenues up 40.9%, but the Americas did nearly as well with 39%, followed by the Asia-Pacific region which grew its income by 26.3%.
During the year the company, which manages printed marketing materials, packaging, and creative production services for brands in more than 34 countries, signed new contracts with new and existing clients totalling around £80m.
It also launched an enhanced Supplier Relationship Management module that streamlines supplier management processes.
HH Global's chief finanical officer Edward Parsons added that the company's continued financial success was down to "the quality of our people, who are focused and dedicated in helping make HH Global the most successful business in our sector, and the value that our clients see us delivering on a daily basis to their businesses".
As well as its full-year figures, 25-year-old HH Global posted its quarterly results for the final three months of 2016/17. These showed that fourth-quarter revenue was £77.5m, up 30.6% on the same period in 2016, and gross profit was £18.9m, an increase of 58.1% on Q4 2016.
HH Global employs more than 800 people across the world, and has two UK sites in Leatherhead and Wakefield, as well as eight client-based sites.