Last checked at 8 Sep 2014 07:00
Monday, 8 September 2014
The Character Group plc
("Character Group" or the "Group")
Designers, developers and international distributors of toys, games and giftware
Trading update and Notice of Preliminary results
Trading update
The Directors are pleased to report thatgrowth of UK sales in the year ended 31 August 2014 across several categories have been encouraging. Several of our leading products have performed well, including sales of Peppa Pig, Minecraft, Shimmer and Sparkle, Teksta and Little Live Pets. In parallel with this, the business has also witnessed increasing revenue growth derived from its international sales, notably with products such as Peppa Pig in Europe and Australia and Doctor Who in the USA.
Against this backdrop, the Group anticipates it will report that the financial year ended 31 August 2014 has performed in line with management forecasts and therefore expects to deliver results in line with market expectations.
Strategy for growth
As we said at the half way stage, our diverse product portfolio should provide the engine for continued growth. Our strategy remains unchanged, i.e. "to seek out and develop exciting products which meet domestic and international market demand". Our products currently comprise, and additions to our portfolio will continue to be derived from, both our own developed in-house portfolio, including those produced 'under licence', and others sourced through exclusive distribution agreements. As such, we have been negotiating a major worldwide licence and hope to announce an agreement later today.
Commenting on the trading update Executive Chairman Richard King stated: "Character Group continues to benefit from a strong product range that is also well received by its retail partners; this coupled with the number of new innovative and exciting range launches will reinforce the Group's position as one of the UK's leading toy companies with a growing international sales base, providing the Group with the engine for further growth."
Notice of Preliminary Results
The Board look forward to updating the market further on developments and trading at the time of its preliminary results announcement for the year ended 31 August 2014, which is scheduled for the first week of December 2014.
Enquiries: | |
Richard King, Executive Chairman Jon Diver, Group Marketing Director & Joint MD Kiran Shah, Group Finance Director & Joint MD | Russell Cook or Carl Holmes |
The Character Group plc Email: info@charactergroup.plc.uk | Charles Stanley Securities (Nominated Adviser) |
Office: +44 (0)208 329 3377 Mobile: +44 (0) 7831802219 (JD) Mobile: +44 (0)7956 278522 (KS) | Tel: +44 (0)207 149 6000
|
Fiona Tooley TooleyStreet Communications Mobile: +44 (0)7785 703523 Email: fiona@tooleystreet.com |
BACKGROUND NOTES
Product names shown in italics represent copyright or registered trademarks.
About Character Group:
(AIM: CCT.L) FTSE sector: leisure goodsMarket capitalisation: £45m
www.thecharacter.com
Founded in 1991, with offices in London, Oldham, Hong Kong and China, The Character Group plc is a leading UK company with strong growth internationally engaged in the design, development and international distribution of toys, games and giftware. Products are developed in-house, including licensed brands, but also include products sourced through distribution agreements. The last few years have seen the management team concentrate the product portfolio on key ranges. It has a number of notable licenses/brands including Teksta, Fireman Sam, Postman Pat, Peppa Pig, ScoobyDoo, ChillFactor, Minecraft, TheZelfs, Disney Princess Palace Pets, Shimmer and Sparkle, Little Live Pets and Doctor Who.
For more information, please contact: Marketing Services on +44 (0) 161 633 9800
or email us at pressoffice@charactergroup.plc.uk
Product ranges can be viewed at www.character-online.co.uk