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Character Group PLC (CCT)

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Friday 06 September, 2013

Character Group PLC

Trading update

RNS Number : 3703N
Character Group PLC
06 September 2013
 

 

Date: Friday, 6 September 2013

 

 

 

The Character Group plc

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

("Company" or "Group")

Trading update

 

 

The Board is pleased to report that the Group's trading performance in the second half of the financial year ended 31 August 2013 was satisfactory; the Board anticipates that the results for the year will be in line with market expectations and with the loss reported in the first half year reversed.

 

Character continues to witness solid growth from its international sales.  Its current basket of licenses and enhanced product portfolio of both distributed and own developed products, together with planned new innovative introductions coming on stream in the autumn/winter and spring sales seasons (already very well received by the trade), should underpin Character's position as one of the UK's leading toy companies.

 

Although we are only at the start of the new financial year, we are encouraged to report that the Group's forecasted sales remain on track for the 2013 calendar year, which should lead to a substantially better result for the 2014 financial year.

 

The Company looks forward to updating shareholders in more detail at the time of its Preliminary results, which are expected to be released by early December; a date will be notified in due course.

 

 

 

 

 

Enquiries:



The Character Group plc

Richard King, Executive Chairman

Kiran Shah, Group Finance Director & Joint MD

Tel: 020 8329 3377

TooleyStreet Communications

Fiona Tooley, Director

Tel: +44 (0) 7785 703523

or   +44 (0) 121 309 0099

Charles Stanley Securities (Nominated Adviser)

Russell Cook or Carl Holmes

Tel: +44 (0) 20 7149 6000

www.thecharacter.com

Ticker: AIM: CCT

 



 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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