Tangent Communications PLC AGM Statement (8510I)

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RNS Number : 8510I

Tangent Communications PLC

09 July 2013

9 July 2013

Tangent Communications plc ("Tangent" or the "Company")

AGM Statement

Our retail websites; printed.com and goodprint continued to generate a large proportion of our sales and profits in the first quarter.

The integration of goodprint into our state of the art facility in Newcastle alongside printed.com has delivered greater than expected savings to the group.

Our challenge is to attract and retain a volume of customers whilst restricting our advertising budget to 27% of revenues. We continue to look at how customers purchase across printed.com and goodprint, to ensure we are adopting a best of class approach.

We monitor the progress of our websites by reference to the following KPIs which are comparable to those previously reported:

 
 printed.com and goodprint      3 months to May 
                                 2013 
 Sales                                 GBP2.31m 
                               ---------------- 
 New customers                           17,829 
                               ---------------- 
 Unique customers                        30,616 
                               ---------------- 
 Average order value (new              GBP41.01 
  customers) 
                               ---------------- 
 Average order value (repeat           GBP63.62 
  customers) 
                               ---------------- 
 Advertising/Sales                          27% 
                               ----------------

All other parts of the Group started the year well.

We are delighted to announce the appointment of Steven Grout as CEO of our digital marketing agency Tangent Snowball.

Steven brings a wealth of experience having run CRM and loyalty programmes for brands such as British Airways, Ford, Heinz, Pfizer, and Three Mobile. Steven has run a number of agencies; Carlson Marketing Group, Rapp Collins Europe and most recently Targetbase Claydon Heeley.

For further information, please contact:

Tangent Communications plc

Timothy Green - Chief Executive: 020 7462 6101

Seema Paterson - Corporate Development: 020 7462 6101

Canaccord Genuity Limited - Nominated adviser and broker

Bruce Garrow / Emma Gabriel 020 7523 8350

This information is provided by RNS

The company news service from the London Stock Exchange

END

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