Key new initiatives progressing

Park’s AGM statement confirms that trading in the year to date is in line with expectations and expresses confidence in the outlook. Our estimates are unchanged. Ongoing investment in digital technology to support product innovation and e-commerce has been at the centre of Park’s growth strategy over a number of years, and encouragingly for future prospects, the group reports progress with recent product and distribution initiatives. Park’s debt-free balance sheet and cash-generative business model support this growth investment, as well as an attractive growing dividend.