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11 Dec 2018 07:00
11 December 2018
K3 CAPITAL GROUP PLC
("K3", the "Company" or the "Group")
Trading update and notice of results
K3 Capital Group plc, a leading business and company sales specialist in the UK, is pleased to announce a trading update ahead of its interim results for the six-month period ended 30 November 2018 (the "Interim Results"), which will be announced on 21 January 2019.
The Group has achieved significant revenue and profit growth across its Knightsbridge and KBS Corporate brands, compared to the first half of the prior financial year, which management see as a trend expected to continue into the second half of the financial year and beyond. In addition, K3 enters its second half of the financial year with a record number of opportunities in its KBS Corporate Finance pipeline, including a number of significant transactions that have signed heads of terms, and the Company expects to complete the majority of these transactions in the current financial year. As such, the Company is pleased to confirm that it continues to trade in line with market expectations.
John Rigby, CEO of K3, commented:
"Over the past six months, we have observed a continuing uplift in the numbers of both buyers and sellers that we continue to attract and are pleased to report a record pipeline in respect of work in progress and transactions progressing through the legal process. Whilst the timing of deals is difficult to predict with certainty, the strength of this pipeline underpins management's cautious optimism as we enter the second half of our financial year. The past six months has seen a significant scale-up in Knightsbridge and KBS Corporate and it is encouraging to see that a greater proportion of our revenue and profit for the Interim Results is attributable to these divisions."
-ENDS-
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
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 |
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finnCap Ltd (Nominated Adviser and Broker) | Tel: 020 7220 0500 |
Jonny Franklin-Adams, Emily Watts, Anthony Adams |
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(Corporate Finance) |
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Tim Redfern, Richard Chambers (Corporate Broking) |
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Newgate Communications Ltd (Financial PR) | Tel: 020 7680 6550 |
Alistair Kellie, Bob Huxford | k3capital@newgatecomms.com |
Information on K3 Capital Group plc can be accessed via the Group's website at www.k3capitalgroupplc.com
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