REG - Clarkson PLC - AGM Trading Statement

ClarksonAnnouncement

11/05/2023 12:00

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RNS Number : 1345Z  Clarkson PLC  11 May 2023

 

 

 

CLARKSON PLC

("the Company" or "Clarksons")

 

11 May 2023

 

AGM Trading Statement

 

At the Annual General Meeting to be held electronically by video webcast at 12
noon today, Laurence Hollingworth, Chair of Clarksons, will make the following
trading statement covering the period from 1 January to 10 May 2023.

 

Trading

 

The Group has enjoyed a positive start to the year. The green transition and
supply-side constraints are driving activity across our sectors and Clarksons
remains well positioned for the future.

 

·      The Broking division, which is a market leader in all key
shipping sectors, continues to be the main driver of revenue and profit and
has performed strongly during the period. Activity remains at similar levels
to last year whilst rates in some markets have recently softened.

·      The Financial division has performed in line with last year to
date, successfully executing a number of deals in more challenging capital
markets.

·      The Research division is currently ahead of 2022, its growth
trajectory driven by increased demand for sector research, particularly in
relation to the energy transition.

·      The Support division is also performing ahead of 2022. We were
delighted to announce the acquisition of DHSS in February and we expect to see
growth in this area.

·      The Sea/ platform continues to make progress providing SaaS
solutions to increased numbers of clients.

 

Outlook

 

Despite the currently weaker US dollar, the Board's expectations for the year
remain unchanged. The medium-term outlook for shipping is positive and we
remain confident in the outlook for the business as we continue to drive value
for all stakeholders.

 

Details on how to join the AGM can be found in the Notice of Meeting.

 

Ends

 

For further details please contact:

 

Clarkson PLC

Andi Case, Chief Executive Officer

Jeff Woyda, Chief Financial Officer and Chief Operating Officer

 

Tel: +44(0) 20 7334 0000

 

Camarco

Billy Clegg

Jennifer Renwick

 

Tel: +44(0) 20 3757 4983 / 4994

 

About Clarkson PLC

 

Clarkson PLC is the world's leading provider of integrated services and
investment banking capabilities to the shipping and offshore markets,
facilitating global trade.

Founded in 1852, Clarksons offers its diverse and growing client base an
unrivalled range of shipbroking services, sector research, on-hand logistical
support and full investment banking capabilities in all key shipping and
offshore sectors. Clarksons continues to drive innovation across its business,
developing digital solutions which underpin the Group's unrivalled expertise
and knowledge with leading technology.

The Group employs over 1,800 people in 56 different offices across its four
divisions and is number one or two in all its market segments.

The Company has delivered 20 years of consecutive dividend growth. The highly
cash-generative nature of the business, supported by a strong balance sheet,
has enabled Clarksons to continue to invest to position the business to
capitalise on opportunities in its markets.

Clarksons is listed on the main market of the London Stock Exchange under the
ticker CKN and is a member of the FTSE 250 Index.

For more information, visit www.clarksons.com

 

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