Print manager HH Global sales shoot up

Print manager HH Global sales shoot up
Print management business sees Andrew Price led Asia Pacific region revenue grow by 26 per cent

Print broker HH Global, which calls itself a marketing execution partner, has recorded soaring sales across all three of its operating divisions for its fourth quarter, with the Asia Pacific arm which includes Australia recording revenue up by a quarter.

European sales, which includes the Middle East and Africe, rocketed by 41 per cent, with the US close behind showing a 39 per cent increase in revenue, while the Asia Pacific was up by 26 per cent.

The Asia Pacific business is led by Andrew Price, the man who created Stream Solutions in Australia and built it into the country’s biggest print manager, before he left and tried to take over Paperlinx. HH is an active player in Australia.

HH Global revenue was £77.5m in the fourth quarter, an increase of 30.6 per cent compared with £59.3m in the fourth quarter of FY 2016.

Gross profit was £18.9m, or 24.4 per cent of gross revenue in the fourth quarter, a 58.1 per cent increase compared to £12m, or 20.2 per cent of gross revenue, in the same period of last year.

Non-GAAP adjusted EBITDA was £3.8m in the fourth quarter, reflecting 164.8 per cent growth as compared to £1.5m in the fourth quarter of FY 2016.

Gross revenue for the full year was £290.2m, an increase of 37.3 per cent compared with £211.3m in fiscal year 2016. Gross profit was £65.5m, or 22.6 per cent of gross revenue, an increase of 58.1 per cent compared to fiscal year 2016.

Non-GAAP adjusted EBITDA was £13m, an increase of 70.7 per cent compared to £7.6m in fiscal year 2016.

HH Global signed new enterprise contracts with both new and existing clients in the last fiscal year with the collective total of approximately £80m of annual gross revenue at full run rate.

HH Global continued its technology expansion by launching an enhanced Supplier Relationship Management (SRM) module that streamlines supplier management processes.

“These results are a testament to the continuing strength of the company and our exceptional growth curve,” says HH Global chief executive officer Robert MacMillan. “We have recorded double-digit growth in all markets while increasing efficiency, growing profitability and delivering real excellence in execution for clients. This success is the result of sustained efforts by our rapidly-growing team and the support of our outstanding global supply chain.”

Edward Parsons, chief financial officer of HH Global, says: “Our year-end financial results set new records for our company. Looking into FY 2018, we are extraordinarily well positioned to continue at the growth rates we experienced last year.”

HH Global HH Global, founded in 1991, is an independent marketing execution partner to prominent brands in 34 countries. The company offers innovative and tailored solutions for the outsourced procurement of all types of printed marketing materials, packaging, and creative production services, that it says drives down cost, speed time to market, improves quality, and increases sustainability. Every HH Global solution uses HHub, a marketing execution application, an expansive list of suppliers, proprietary processes. The company has 800 employees, and also operates HH Labs, the centre of its innovation program, that brings fresh, new ideas to clients.

With more than $500million in spend under management, HH Global says it maintains a razor-sharp focus on cost and quality, combined with a sustainability programme, offering improvements that provide both fiscal and environmental value.

 

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