Findel reports strong half


Online retail and educational supplies business Findel has reported its results for the half year to September 28th. Revenues were up from £224.5 million to £228.2 million year on year, with profits up to £17.1 million from £7.5 million. The business which operates Express Gifts and its brand Studio saw demand increase for its clothing offer and active customer numbers grow from 1.8 million to 1.9 million.

CEO Phil Maudsley said: “This has been a period of continued progress and profit growth, driven by Studio’s hugely attractive customer proposition as a digital-first, value retailer.”

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