Financial Highlights	2011	2010
Revenue*	£532.6m	£547.0m
Operating profit*	£26.7m	£32.6m
Profit before tax*	£7.0m	£11.7m
Earnings/(loss) per share	1.04p	(12.43p)
Net debt	£227.8m	£309.6m
Net assets	£116.4m	£10.7m
Gearing ratio	2.0x	29.0x

*before exceptional items and terminated operations.

DID YOU KNOW THAT Findel plc …

Was created in 1955 and joined the Birmingham Stock Exchange in 1962		Supplies a majority of UK schools with equipment

Sells 350,000 football kits annually in more than 140 countries around the world		Express Gifts has a database of some 3.7m buyers

Delivers nearly 9m parcels per year in the UK		Personalises over 3.2m products each year through Express Gifts and Kitbag

All Healthcare Trusts are covered by NRS with 35% having a dedicated contract

Our operating divisions

Home Shopping provides a personal shopping service to around 1.1m customers and is the fourth largest direct mail order company in the UK.

Educational Supplies is the largest independent supplier of resources to schools and educational establishments in the UK.

Healthcare is a leading provider of outsourced integrated community equipment services and healthcare support services.

Findel Sourcing is responsible for the group’s buying offices in Hong Kong and India and through them procures a wide range of merchandise, both for group companies and a substantial number of third-party customers, and procures a wide range of merchandise.

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