Close

Second Quarter Fiscal Year 2018 Results Announced

Auteur: Mark Tiedens
earth from space

NEWS

Growth continues to exceed expectations

HH Global today announced financial results for the three months ended September 2017.  

Financial highlights

  • Revenue was £79.9 million in the second quarter, an increase of 12.0% compared with £71.3 million in the second quarter of FY 2017.
  • Gross profit was £17.9 million, or 22.4% of gross revenue in the second quarter, a 18.2% increase compared to £15.1 million, or 21.2% of gross revenue, in the same period of last year.
  • Non-GAAP adjusted EBITDA was £3.3 million in the second quarter, reflecting 21.6% growth as compared to £2.7 million in the second quarter of FY 2017.

Business Highlights

  • Recapitalised the business financed by Pricoa Capital Group, infusing capital to fund growth and acquisitions.
  • Completed acquisition of PostNL Print Management  (PPM), the print management arm of the Dutch postal and logistic solutions provider, expanding our solution footprint in the Netherlands.
  • Received commitments for expansion of existing or new enterprise contracts during the quarter bringing the fiscal year-to-date cumulative total to more than £48 million of annual gross revenue at full run-rate.

“This was an exciting quarter for us” said Robert MacMillan, Group Chief Executive Officer of HH Global. “Our recapitalisation allowed us to quickly react to a market opportunity and acquire a regional business; expanding our position in Europe. Our organic growth continues to exceed our expectations -- we are pleased by our results.”

“Our second quarter financial results do not yet reflect the impact of our acquisition of PPM and yet are in-line with our expectations,” said Edward Parsons, Group Chief Financial Officer of HH Global. “We continue to be confident in our ability to deliver to our financial plans.”

RELATED STORIES

2018 augustus 14
First Quarter Fiscal Year 2019 Financial Results

Growth in revenue and EBITDA

Company / Finance
We_re Amazing Award Banner
2018 juli 5
We’re Amazing Employee Awards

Congratulations to the winners

Bedrijf
Andrew Price, Amita Karwal, Anna Holman and British Consulate Vice General, Crispin Simon along with members of the Mumbai office team
2018 juli 5
HH Global expands operations to a new office in Mumbai

Celebration of business growth and success in the Indian market.

Bedrijf
2018 juni 19
HH Global listed in the Sunday Times HSBC International Track 200

For companies with the fastest-growing international sales

Bedrijf
2018 juni 6
HH Global opens Central Sourcing Office

Gateway for worldwide sourcing teams

Bedrijf
London skyline over river at night
2018 mei 25
HH Global shortlisted for Product Service Innovation award

HH Global and Lloyds Banking Group shortlisted

Bedrijf
2018 mei 18
Lloyds Banking Group shortlisted for World Procurement Award

Lloyds Banking Group shortlisted for World Procurement Award for external collaboration in conjuncti…

Bedrijf / Nadering
2018 mei 17
Full Fiscal Year 2018 Results Announced

Results set new company records

Finance / Bedrijf
EcoVadis Gold
2018 mei 4
HH Global achieves EcoVadis Gold

Among top five percent of ranked companies

Bedrijf / Duurzaamheid
Sun flare as seen through the top of green leafed trees
2018 april 25
HH Global teams with Canopy

Partnership to deliver sustainable sourcing solutions

Bedrijf / Duurzaamheid
Illustration of light beams across the European continent
2018 februari 27
Third quarter financial results announced

Leader in technology and sustainable solutions

Finance / Bedrijf
2018 februari 7
Robert MacMillan guest speaker at awards dinner

HH Global CEO speaks at Sunday Times HSBC International Track 200 event

Bedrijf / Drukwerk / Creatief