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Pin to quick picksCharacter Regulatory News (CCT)

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Trading Update

22 Jan 2016 07:00

RNS Number : 6616M
Character Group PLC
22 January 2016
 

Friday, 22 January 2016

 

The Character Group plc

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

("Company" "Group" or "Character")

 

Trading update

 

The Character Group plc, which holds its Annual General Meeting today, publishes the following update ahead of the Meeting:-

 

Trading update

As we highlighted in our Chairman's letter to shareholders accompanying our preliminary results in December, we continue to develop our strong and diverse portfolio of 'in-demand' products. This, in conjunction with our strong financial position, continues to underpin our corporate profile and reputation within the industry as one of the UK's leading toy companies.

 

We are delighted to report that Character continues to perform well, with solid Christmas period sales across all major lines at consumer level. To date, sales in the current financial year are up approximately 6% over the same period last year. We fully expect our underlying performance to deliver another year of solid progress and, we remain on track to meet current market expectations for the year ending 31 August 2016.

 

The ongoing performance of our established cornerstone brands, which includes Peppa Pig, Minecraft, Fireman Sam, Teksta, Little Live Pets, and Scooby Doo, continues to be very encouraging. We are also delighted to add to these a number of new introductions that will be coming to market over the 2016 calendar year. This includes our new range based on the iconic Teletubbies characters which has been launched this month. Overall, early reaction to the new ranges has been enthusiastic and, on this basis, we are confident that the new season's offering will deliver in terms of demand and sales at consumer level across both our UK and international markets.  

 

Once again, as part of our domestic and international marketing programmes, Character will be exhibiting at The London Toy Fair 2016, which is being held at Kensington Olympia and starts on Sunday, 24 January. Over the three-day Expo, we will officially unveil to the trade our new season's portfolio. http://www.btha.co.uk/toy-fair/2016.

 

Following this trading update, we are also announcing this morning a number of appointments and changes to the Character Group Board which will take effect from 1 February 2016. This recognises the strength of our management team and ensures that the Group has the appropriate structure and management necessary to continue our development and growth.

 

In summary, the Directors remain confident about the future and look forward to providing a further trading update in April, when the half-year financial results for the period ending 29 February 2016 are released.

Enquiries:

The Character Group plc

Richard King, Executive Chairman

Kiran Shah, Joint Managing Director & Group Finance Director

Jon Diver, Joint Managing Director & Group Marketing Director

Mark Dowding, Chief Financial Officer & Company Secretary

Office: +44 (0) 208 329 3377

Mobile: +44 (0) 7836 250150 (RK)

Mobile: +44 (0) 7956 278522 (KS)

Mobile: +44 (0) 7831 802219 (JD)

Mobile: +44(0)7967185269 (MD)

Email: info@charactergroup.plc.uk

Panmure Gordon (Nominated Adviser and Joint Broker)

Russell Cook, Investment Banking

Tom Salvesen, Corporate Broking

Tel: +44 (0) 20 7886 2500

Allenby Capital Limited (Joint Broker]

Nick Athanas

Katrina Perez

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: £100 million

 

Copies of this statement can be viewed at www.thecharacter.com.

Product ranges can be viewed at www.character-online.co.uk.

Product names in italics represent copyright or registered trademarks.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Date   Source Headline
13th Mar 20245:19 pmRNSTransaction in Own Shares
7th Mar 20245:55 pmRNSTransaction in Own Shares
5th Mar 20247:00 amRNSTransaction in Own Shares
1st Mar 20245:03 pmRNSTransaction in Own Shares
27th Feb 20245:03 pmRNSTransaction in Own Shares
27th Feb 20247:00 amRNSTransaction in Own Shares
23rd Feb 20245:20 pmRNSTransaction in Own Shares
22nd Feb 20245:59 pmRNSTransaction in Own Shares
21st Feb 20245:03 pmRNSTransaction in Own Shares
19th Feb 20246:08 pmRNSTransaction in Own Shares
19th Feb 202412:07 pmRNSHolding(s) in Company
19th Feb 20247:00 amRNSTransaction in Own Shares
15th Feb 20246:13 pmRNSTransaction in Own Shares
14th Feb 20245:38 pmRNSTransaction in Own Shares
13th Feb 20245:49 pmRNSTransaction in Own Shares
9th Feb 20244:19 pmRNSTransaction in Own Shares
8th Feb 20245:44 pmRNSTransaction in Own Shares
7th Feb 202410:20 amRNSTransaction in Own Shares
6th Feb 20247:00 amRNSShare Buyback Programme
19th Jan 20244:41 pmRNSResult of AGM
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14th Dec 202312:49 pmRNSHolding(s) in Company
12th Dec 20237:01 amRNSFinal Results - year ended 31 August 2023
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23rd Oct 20234:58 pmRNSDirector/PDMR Shareholding
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22nd Sep 20234:08 pmRNSHolding(s) in Company
20th Sep 20235:30 pmRNSHolding(s) in Company
22nd Aug 20237:00 amRNSHolding(s) in Company
31st Jul 20237:00 amRNSDirector/PDMR Shareholding
17th May 202311:32 amRNSDirector/PDMR Shareholding
15th May 20237:00 amRNSDirector/PDMR Shareholding
15th May 20237:00 amRNSHolding(s) in Company
11th May 20237:00 amRNSHalf-year Report - six months to 28 February 2023
27th Mar 20236:00 pmRNSHolding(s) in Company
20th Jan 20234:41 pmRNSResult of AGM
20th Jan 20237:00 amRNSTrading update ahead of the AGM
28th Dec 20227:34 amRNSDirector's share dealings, Treasury shares and TVR
22nd Dec 20224:40 pmRNSSecond Price Monitoring Extn
22nd Dec 20224:35 pmRNSPrice Monitoring Extension
22nd Dec 20227:00 amRNSAUDITED ANNUAL RESULTS -YEAR ENDED 31 AUGUST 2022
21st Oct 20221:41 pmRNSTransfer of treasury shares & Total Voting Rights
19th Oct 20221:39 pmRNSHolding(s) in Company
4th Oct 20227:00 amRNSTrading Update
12th Sep 20224:45 pmRNSTransfer of treasury shares & Total Voting Rights
15th Aug 20225:08 pmRNSHolding(s) in Company
15th Aug 20229:33 amRNSHolding(s) in Company
10th Aug 202211:55 amRNSHolding(s) in Company
30th Jun 202210:00 amRNSDirectorate change and New Senior appointment

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