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11 Dec 2017 07:00
K3 CAPITAL GROUP PLC
("K3", the "Company" and including its subsidiaries, the "Group")
Trading update
K3 Capital Group plc, a leading business and company sales specialist in the UK, today announces a trading update ahead of its interim results for the six-month period ended 30 November 2017 (the "Interim Results"), which will be announced on 16 January 2018.
The Interim Results will demonstrate a continuation of the Group's strong performance across all three divisions with significant uplifts from the comparable prior year period ("H117").
The Board is pleased to report that the Group will record revenue of approximately £7.5m, an increase of 34 per cent. compared to H117 and EBITDA of approximately £3.3m, an increase of 27 per cent. compared to H117. Both revenue and EBITDA figures are comfortably in line with market expectations for the full year ending 31 May 2018.
The Board remains committed to paying a progressive dividend to shareholders and accordingly will declare a dividend payment in the Interim Results in January.
John Rigby, Chief Executive Officer, commented:
"I am delighted to report on what has been a strong six months for K3, comfortably in line with market expectations. The Group's three brands continue to gain recognition and market share within their fields, and we are pursuing our stated strategy of increasing the average deal size across the Company.
"The Group is encouraged by the significant pipeline and we remain optimistic that we will continue to deliver growth against our core KPIs over the coming six months and beyond."
For further information please contact:
K3 Capital Group plc | Tel: c/o Newgate 020 7680 6550 |
John Rigby, Chief Executive Officer | www.k3capitalgroupplc.com |
Andrew Melbourne, Chief Financial Officer | |
finnCap Ltd (Nominated Adviser and Sole Broker) | Tel: 020 7220 0500 |
Jonny Franklin-Adams, Emily Watts, Anthony Adams (Corporate Finance) | |
Tim Redfern, Richard Chambers (Corporate Broking) | |
Newgate Communications Ltd (Financial PR) | Tel: 020 7680 6550 |
Alistair Kellie, Zoë Pocock, James Ash | k3capital@newgatecomms.com |
About K3 Capital
K3 Capital Group plc is a leading business sales and brokerage firm headquartered in Bolton with operations throughout the UK. It acts for vendors of businesses from c. £50,000 to c. £50 million through its three trading subsidiaries Knightsbridge, KBS Corporate, and KBS Corporate Finance.
K3 Capital operates a disruptive business model with a direct marketing approach to client acquisition, using incentivised and experienced salespeople rather than advisory teams, while its highly visible online presence and proprietary online business valuation portal generates further leads. This innovative model, combined with a continuing strategy towards targeting higher value clients, are key drivers for growth and profitability.
The Group also offers all clients fully contingent and inclusive legal fees through its partner relationship with Gateley.
K3 Capital Group trades on the London Stock Exchange (AIM: K3C.L), having listed on 11 April 2017.
Please visit www.k3capitalgroupplc.com for more information.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
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