DJ Hardman & Co Research: Appreciate Group (APP): Interim results: solid progress, digital delivering
Hardman & Co Research Hardman & Co Research: Appreciate Group (APP): Interim results: solid progress, digital delivering 29-Nov-2021 / 16:00 GMT/BST
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Hardman & Co Research: Interim results: solid progress, digital delivering
We reviewed Appreciate's (APP) business model in our initiation, Solid core + digital disruption = unique model, published on 1 September. On 23 November, APP released its interim results, reporting a modest seasonal loss, in line with the nature of its business. The key takeaways were i) continued progress in the rollout of the digital model, including both distribution and efficiency, ii) reversion to more normal customer patterns of redemption and in larger corporate client behaviour, and iii) growth in redemption partners, especially in hospitality, leisure and food. The Xmas Savings business is being reinvigorated. The full-year outlook is in line with expectations.
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1252654 29-Nov-2021
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(END) Dow Jones Newswires
November 29, 2021 11:00 ET (16:00 GMT)
