REG - Character Group PLC - Trading update

CharacterAnnouncement

01/10/2024 07:00

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RNS Number : 3426G  Character Group PLC (The)  01 October 2024

 

THE CHARACTER GROUP PLC

 

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

 

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

 

Trading Update

 

 

London: Tuesday, 1 October 2024: The Board of Character provides the following
update to shareholders on the Group's trading ahead of the publication of the
Company's 2024 audited annual results.

 

Whilst the market has continued to experience external challenging conditions,
such as the higher cost of living, the surge in freight costs and shipping
delays due to reduced capacity, the Group has continued to perform well and
expects its adjusted profit before tax for the financial year ended 31 August
2024 to be in line with current market expectations. Initial sales of products
for the Christmas '24 season are showing encouraging signs, especially new
introductions. Previews of our 2025 new ranges are also going well.

 

The Group continues to have a solid balance sheet with a healthy cash balance.

 

The Directors look forward to updating shareholders further on its performance
at the time of publication of the Group's results which are scheduled to be
released in December 2024.

 

 

 

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 Liberum Limited (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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