Character Group PLC Trading Update (7535A)
14 September 2018 - 4:00PM
UK Regulatory
TIDMCCT
RNS Number : 7535A
Character Group PLC
14 September 2018
LONDON: FRIDAY 14, SEPTEMBER 2018
The Character Group plc
("Character" or "Group")
Designers, developers and international distributor of toys,
games and giftware
TRADING UPDATE
The Board of Character is pleased to provide an update on
trading activities ahead of the Company's results for the year
ended 31 August 2018.
Character has delivered a very solid performance and continues
to make good progress in meeting the demands of our customers and
the consumer.
As anticipated at the time of our interim results in April 2018,
the Group has witnessed a return to its previous growth pattern
during the second half. With Character's UK domestic business
delivering record sales, the trading results for the financial year
ended 31 August 2018 will comfortably reach market
expectations.
Character's established leading brands, developed in-house (e.g.
Peppa Pig, Stretch and Teletubbies) and exclusive, distributed
lines (including Little Live Pets and Mashems), together with new
ranges (such as Pokémon, Treasure X and Doorables Disney
Collection) have been selling extremely well. In addition, the
growing trend of new "craze" lines (i.e. impulse purchase items at
the right price point, such as Soft 'n Slo Squishies, Cakepop
Cuties and Cra.Z.Slimy) has added a new, successful supplement to
the Group's strong product portfolio.
We continue to witness positive listings and strong demand from
our customers for our core ranges and new introductions. As a
business, we feel confident of the prospects for the autumn/winter
trading period, which includes the all-important Christmas season.
This, we believe, will provide a solid foundation for the financial
year ending 31 August 2019.
With the combination of our collaborative culture, both within
the Group as well as in partnerships with our customers and
suppliers, the agility of our business model in addressing changes
and challenges within our market and the proven skills of our
central management team, the Board remains confident in the Group's
ability to grow the business profitably and expand its presence
both domestically and internationally in the years to come.
The Group expects to release its preliminary results for the
year ended 31 August 2018 on 29 November 2018.
ENQUIRIES
The Character Group plc
Jon Diver, Joint Managing Director
Kiran Shah, Joint Managing Director
Office: +44 (0) 208 329 3377
Mobile: +44 (0) 7831 802219 (JD)
Mobile: +44 (0) 7956 278522 (KS)
Email: info@charactergroup.plc.uk
Panmure Gordon
(Nominated Adviser and Joint Broker)
Atholl Tweedie Charles Leigh-Pemberton
Tel: +44 (0) 20 7886 2500
Allenby Capital Limited
(Joint Broker)
Nick Athanas
Tel: +44 (0) 20 3328 5656
TooleyStreet Communications Limited
(Investor and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523
Email: fiona@tooleystreet.com
FTSE sector: leisure:
FTSE AIM All-share: symbol: CCT.L: Market cap: GBP106.1m
Product ranges can be viewed at www.character-online.co.uk.
Copies of this statement can be viewed at
www.thecharacter.com.
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.
Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to
be in the public domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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