Online evolution of Stanley Gibbons gathers pace

published 23 March 2012

Surging online sales at collectibles dealer Stanley Gibbons drove top line growth in 2011 as the group continues its drive to become the eBay of the stamp-collecting world.

Sales of £35.7m were up 35% on 2010's £26.4m and well ahead of expectations of £30.2m. Online sales accounted for £4.3m of that, up 72% from £2.5m in 2010.

Adjusted profit before tax came in slightly ahead of expections of £4.98m at £5.2m, up 17% from 2010's £4.5m.