REG - Character Group PLC - Trading Update

CharacterAnnouncement

03/10/2023 07:00

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RNS Number : 4491O  Character Group PLC  03 October 2023

The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via the Regulatory Information Service, this inside information
is now considered to be in the public domain.

 

 

 

 

THE CHARACTER GROUP PLC

("Character", the "Company" or the "Group")

Designers, developers and international distributor of toys, games, and
giftware

 

 

Trading Update

 

 

London: Tuesday, 3 October 2023:  The Board of Character provides the
following update to shareholders on the Group's trading ahead of the
publication of the Company's audited results for the financial year ended 31
August 2023, which are scheduled to be released in December 2023.

 

Trading conditions across the retail sector have been persistently challenging
throughout the financial year ended 31 August 2023, particularly during the
important Christmas 2022 period, and these factors impacted the Group's
performance in the first half.  However, the Directors are pleased to report
that, in line with the Board's predictions, the business has performed more
strongly in the second half and the Group expects to report full year
underlying profitability in line with current market expectations.  The
strength of the Group's product portfolio has played a crucial part in
achieving this result in the second half.

 

The Group continues to have a strong balance sheet and a net cash position.
The Directors look forward to updating shareholders further on this and on the
current year's trading at the time of release of the Group's 2023 audited
results.

 

 

 

The Character Group plc

FTSE sector:  leisure goods:

FTSE AIM All-share: symbol: CCT

Market cap: £52m

Email:  info@charactergroup.plc.uk (mailto:info@charactergroup.plc.uk)

Group website: www.thecharacter.com (http://www.thecharacter.com)

Product ranges can also be viewed at www.character-online.co.uk
(http://www.character-online.co.uk)

CHARACTER GROUP PLC CCT Stock | London Stock Exchange
(https://www.londonstockexchange.com/stock/CCT/character-group-plc/company-page)

 

 

 Enquiries to:

 The Character Group plc

 Jon Diver, Joint Managing Director

 Kiran Shah, Joint Managing Director & Group Finance Director

 Office:  +44 (0) 208 329 3377

 Mobile: +44 (0) 7831 802219 (JD)

 Mobile: +44 (0) 7956 278522 (KS)

 Panmure Gordon (Nominated Adviser and Joint Broker)

 Atholl Tweedie, Investment Banking

 Rupert Dearden, Corporate Broking

 Tel:  +44 (0) 20 7886 2500

 Allenby Capital Limited (Joint Broker)

 Nick Athanas, Corporate Finance

 Amrit Nahal / Tony Quirke, Sales & Corporate Broking

 Tel:  +44 (0) 20 3328 5656

 TooleyStreet Communications Limited (Investor and media relations)

 Fiona Tooley

 Tel:  +44 (0) 7785 703523

 Email: fiona@tooleystreet.com (mailto:fiona@tooleystreet.com)

 

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