REG - H&T Group PLC - Trading Update and Notice of Results

H & TAnnouncement

04/07/2022 07:00

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RNS Number : 1180R  H&T Group PLC  04 July 2022

4 July 2022

H&T Group PLC ("H&T" or the "Group")

Trading Update and Notice of Results

 

H&T Group PLC ("H&T" or the "Group"), the UK's largest pawnbroker and
a leading retailer of

new and pre-owned jewellery and watches, today issues a trading update prior
to the announcement of its interim results for the six months ended 30 June
2022, which are expected to be published on 9(th) August 2022.

Demand for pledge lending has continued to gather momentum in the first half
of the year. The pawnbroking pledge book at 30 June 2022 was £84.2m (30 June
2021: £48.3m and 31 December 2021: £66.9m) with growth across the Group's
customer base and in all geographies. Pledge lending remains at record levels,
with incremental growth month on month over the period. Lending volume is
currently over 40% above pre-pandemic levels. Average loan sizes, loan to
value ratios and redemption rates have been maintained.

Retail sales have been consistently strong and are in line with expectations.

Gold purchasing has been buoyant, supported by a rising gold price which has
driven both volumes and improved margins.

Foreign currency revenues have more than doubled in H1 2022 as international
holiday travel returns, with transaction volumes back close to pre-pandemic
levels.

Chris Gillespie, Chief Executive Officer of H&T, said:

 "I am delighted with the progress we have made in the first half of 2022,
and the momentum with which we enter the second half of the year. I look
forward to updating the market fully when we report on the 9(th) of August."

Enquiries:

H&T Group
PLC
      Via Almar PR

Chris Gillespie, Chief Executive

Di Giddy, Chief Financial Officer

 

Shore Capital Ltd (Nominated Advisor and
Broker)
+44(0)20 7408 4090

Stephane Auton/Iain Sexton (Corporate Advisory)

Guy Wiehan/Chloe Brooker-Triolo (Corporate Broking)

Almar PR (Public
Relations)
+44 (0)20 3405 0205

Sam
Modlin
 
           handt@almarpr.co.uk

Andy Bryant

Lily Soares-Smith

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