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PFSweb Reports First Quarter 2021 Results


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PFSweb Reports First Quarter 2021 Results
PFSweb, Inc.May 7, 2021 GMT
ALLEN, Texas, May 07, 2021 (GLOBE NEWSWIRE) PFSweb, Inc. (NASDAQ: PFSW), a global commerce services company, is reporting results for the first quarter ended March 31, 2021.
“We have carried our operational momentum into 2021 with a record bookings quarter for LiveArea and strong performance continuing in PFS,” said Mike Willoughby, CEO of PFSweb. “Our high levels of execution across both business units allowed us to drive a 16% increase in service fee revenue year-over-year. Across our organization, we have worked to optimize our resources, further develop our strong pipeline, and stay committed to meeting our clients’ evolving needs amid a dynamic retail environment. As eCommerce tailwinds persist, we expect the solid foundation we have built to fuel our continued progress.” ....

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Investegate |Epwin Group PLC Announcements | Epwin Group PLC: Final Results


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Strong H2 performance, gaining momentum:

Revenues up 4% on H2 2019

H2 2020 underlying operating profit £11.2 million (H2 2019 £11.8 million)
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RMI demand quicker to return and stronger than newbuild and social housing
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Robust
financial position maintained:

Strong cash generation

Significant headroom in banking facilities of over £50 million at the year end, facilities now extended to June 2024

All pre-COVID banking covenants met with no variation or waivers

No additional funding has been sought from shareholders or banks
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Recommencement of dividend payments, with proposed final dividend of 1.00 penny per share
 
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Health and safety prioritised in response to the COVID-19 pandemic ....

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