Appointment of Corporate Broker

RNS Number : 4290O

Card Factory PLC

07 August 2014

 



7 August 2014

Card Factory plc ("Card Factory" or the "Group")

Appointment of Corporate Broker

Card Factory, the UK's leading specialist retailer of greeting cards, is pleased to announce that it has appointed UBS Limited as its corporate broker.

Ends

Enquiries

Card Factory plc	[phone]
Richard Hayes, Chief Executive Officer
Darren Bryant, Chief Financial Officer
MHP Communications	[phone]
John Olsen
Simon Hockridge

Notes

Card Factory is the UK's leading specialist retailer of greeting cards. It focuses on the value and mid-market segments of the UK's large, resilient and growing greeting cards market, and also offers a wide range of other quality products, including small gifts and gift dressings, at affordable prices. Card Factory principally operates through its nationwide chain of over 700 Card Factory stores, as well as through its online offerings: www.gettingpersonal.co.uk (which sells personalised cards and gifts) and www.cardfactory.eu.com (which sells a selection of the products available in Card Factory stores).

Card Factory commenced operations in 1997 with just one store and has expanded its store estate primarily through organic growth into a market-leading value retailer with a nationwide presence. The Group's stores are in a wide range of locations including on high streets in small towns through to major cities, shopping centre developments, out-of-town retail parks and factory outlet centres.

Over the last 10 years, Card Factory has developed a vertically integrated business model with an in-house design team, an in-house printing facility and central warehousing capacity of over 360,000 sq. ft. This model differentiates the Group from its competitors by significantly reducing external costs and adding value to customers in terms of both price and quality, underpinning the Group's motto: "compare the quality, compare the price".

Card Factory sold over 285 million single cards in the financial year ended 31 January 2014. In that year, the Group achieved revenue growth of 9.0% to £326.9 million and underlying EBITDA growth of 9.2% to £80.4 million (2013: £73.6 million) at a margin of 24.6%.

 

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