HH Global growth continues in Q1

By Richard Stuart-Turner, Monday 14 August 2017

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Leatherhead-headquartered HH Global has posted continued growth in its financial results for the three months ended June 2017.

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MacMillan: "We’re very confident about the future"

The company achieved Q1 revenue of £73m, up 22.7% compared with the £59.5m recorded in the same period last year.

The firm’s gross profit in the period was £19m, or 23.1% of gross revenue, a 34.4% increase compared to the £12.6m, or 21.1% of gross revenue, recorded in the equivalent period last year.

Non-GAAP adjusted EBITDA was £2.5m in Q1, up 14.9% from £2.2m in the same period last year.

Business highlights in Q1 included the signing of new enterprise contracts with a cumulative total of more than £30m of annual gross revenue at full run-rate.

The largest of the company’s new wins is an expansion of its existing print procurement and creative production services relationship with an unnamed global pharmaceutical company, to include three-dimensional POS materials.

The business said it has also invested significantly in its Creative Production Services capability, including expansion of its global studio capacity, and has partnered with the CMO Council on market research about the 'The Age of the Adaptive Marketer'.

HH Global group chief executive officer Robert MacMillan said the company is pleased with the Q1 results.

“We’ve got a very strong pipeline and exceptional people in the business. Given the current marketplace, I think the fact that we’ve got a strong, stable board and team of people, and a business that’s owned by the people that run the business, makes a big difference.

“We’re in charge of our own destiny and we’re in this for the long haul and I think that message is clear to our clients and to our staff.”

The positive Q1 results follow the record profits achieved by the company for the full-year ended 31 March 2017.

“We’re very confident about the future and we expect to continue at the current pace that we’re going, we see no reason for any change,” said MacMillan.

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