HH on track to double last year's earnings

HH has said it is on target to double its operating result in the current financial year after equalling last year's EBITDA of 1.1m in the first six months.

The Sutton-based print manager added that it had further reduced borrowings to around £7.5m, which it said was "by far the lowest in its peer group".

Group sales and marketing director Tony Massey said that the company expected to pay down its debt by around another £2m in the current financial year.

Massey added that the company had continued to expand its global footprint in the period, with new offices opened in Moscow, Russia, and Zurich, Switzerland.

Robert MacMillan, chief executive of HH, said: "Global organisations are still looking to consolidate their marketing spend [because] the cost of maintaining multiple vendors across disparate global marketing supply chains is hugely inefficient and ineffective."

Massey added that markets such as Russia were becoming increasingly important, a trend that is only likely to increase following its successful 2018 World Cup bid.