REG - Clarkson PLC - Trading Statement at AGM

ClarksonAnnouncement

11/05/2022 12:00

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RNS Number : 1170L  Clarkson PLC  11 May 2022

 

CLARKSON PLC

("the Company" or "Clarksons")

 

11 May 2022

 

 

AGM Trading Statement

 

At the Annual General Meeting to be held in London today, Laurence
Hollingworth, Chair of Clarksons, will make the following trading statement
covering the period from 1 January 2022 to 10 May 2022.

Trading

The Group has made a good start to the year. Our market-leading position,
outstanding teams, global footprint and diverse offering have enabled the
Company to benefit from improved conditions across many of the shipping
sectors in which we operate. The ClarkSea Index averaged 37,190 between 1
January 2022 and 29 April 2022, ahead of the same period last year and similar
to the average for the second half of 2021.

Our Broking business has performed well, building on the improved demand
supply dynamics highlighted in our 2021 Annual Report. As expected, an
increase in spot business transacted, compared to the same period last year,
has added to the enlarged forward order book brought into 2022.

The Financial division has started the year well and has an encouraging
pipeline, despite more muted capital markets reflecting global geopolitical
instability and economic uncertainty.

The Research division's positive trajectory continues, increasing both
revenues and profit as changing commodity trade flows, the green transition
and the ongoing drive towards renewable energy have all increased client
demand for our industry-leading market insights, data and analysis.

The Support division also started the year positively as it enlarges its
footprint and range of services offered.

Maritech, Clarkson's wholly owned SaaS provider focused on pre- and at-trade
services, has continued to make good progress with growth in both client
adoption and transaction volumes on the Sea/ platform. The Group is delighted
to have welcomed Peter Schrøder as the new CEO of Maritech from 19 April.

Outlook

The Company is trading in line with the Board's expectations. The outlook for
the business remains strong as we continue to drive value for both
shareholders and clients.

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 1,600 people in 52 different offices across its four
divisions and is number one or two in all its market segments.

The Company has delivered 19 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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