DELTA ANNOUNCE RECORD SALES AND APPOINT TWO SENIOR STAFF MEMBERS
The Delta Group today announce two new senior appointments to their Executive Board in addition to record sales results for 2018.
Dean Smith and Tim Ingram-Smith have joined the company as Chief Sales & Marketing Officer and Chief Information Officer respectively. Dean will be responsible for group sales, bid management, marketing and group strategy, while Tim will be looking after all aspects of The Delta Group’s ‘IT and Technology’ proposition, both internally and externally.
Jason Hammond, CEO of the Delta Group, said: “We are delighted to announce the appointment of Dean and Tim to our Board and are confident they will help drive continued success and our next phase of growth. It is a very exciting time for the company and everyone involved.”
“We have been looking to fill these group-wide, senior positions for some time and are thrilled that we have managed to secure such well-respected industry ‘heavyweights’ to build on the success of the group and drive the business forward.”
In addition to the new hires Mr. Hammond has also announced Delta’s financial results for last year.
“In 2018 Delta’s sales grew by 15% to £92.6m, a record in the business’s history and as such helped maintain Delta’s position as the largest privately owned point of sale print business in Europe. This outstanding growth was driven by the highly successful acquisition of Superior Creative in August 2017, the win of the exclusive Sainsbury Group contract and increased sales within Europe. The latter led to the business securing its highest ranking in the Sunday Times International Track 200 for fast overseas growth.”
The business also posted an operating loss of £871k, reflecting in part to the upfront costs of its major client win, expansion costs associated with new facilities overseas and new capital expenditure including the purchase of the UK’s first Nozomi C18000 printer. Other key financial results from 2018 includes:
- £3.4m of one-off exceptional costs related to acquisitions, the centralisation of its Creative Business’s into one Central London hub and restructuring costs, to make the business more efficient in 2019
- As a result of lower operational costs in 2019 at the half year the Group’s PBT was £1.4m ahead of the half year in 2018
- Cash in the business was £6.1m at year-end and in 2018 Delta invested £5.3m on new capital expenditure including the purchase of the Nozomi C18000 single-pass LED corrugated printer
- Delta’s sister business Delta Properties Limited filed a profit in 2018 arising from the continued increase in the value of its investment portfolio of £21.9m.