Park (LON:PKG) - Innovation delivering

Tuesday, Apr 24 2012 by

Apr 24th 2012 - Edison Investment Research today published a report on Park (PKG.L, LSE:PKG, LON:PKG) entitled "Innovation Delivering". In summary, the report says:

Park has issued a trading update on its full year results (to 31 March 2012), due for release on 12 June 2012. The progress that could be seen in key performance indicators in H1 appears to have continued through the second half despite the tough economic environment, and we confirm our forecasts. Christmas 2011 sales volumes were ahead 5% and 2012 orders (FY13) are up c 6%. The Corporate division has increased billings by 15%, confirming the H1 order delay as just that, and demonstrating the impact of product development and innovation, focused on flexecash, of which more to come. Cash flow is strong; seasonal cash balances peaked at £152m (FY11: £140m) and continue to run well ahead of last...

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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority ( more »