REG - Character Group PLC - Trading Update

CharacterAnnouncement

11/04/2025 07:00

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RNS Number : 6015E  Character Group PLC (The)  11 April 2025

 

 

Friday, 11 April 2025

 

 

The Character Group plc

("Character", the "Company" or the "Group")

Trading update

 

The recent unilateral imposition by the USA of trade tariffs on imports,
particularly from China, and the escalating retaliatory measures being adopted
have greatly impacted global economic stability in a very short space of
time.

 

The Board's visibility for forecasting sales to USA (which were c.20% of Group
turnover in the last financial year) and its ability to assess the financial
implications for the Group have been considerably obscured by these events.
Consequently, the effect of the imposition of the trade tariffs will be felt
in the second half by the Group and, as a result, the Company is withdrawing
the market guidance for the year ending 31 August 2025.  Despite this, the
Board remains confident that the Group will be profitable for the current
financial year as a whole.

 

The review of the Company's H1 results, which are due to be published in
mid-May, is not yet complete, however, all indications at this time are that,
in accordance with market expectations, the trading results to February 2025
will be in line with the first-half performance in the prior year (HY 2024
profit before tax and highlighted items: £2.1m).

 

The Company continues to have a strong balance sheet with healthy cash
balances and the Board is confident that it can ride out this storm.  As we
gain a clearer picture of the global economic landscape emerging, we will
update shareholders further.

 

 

 

 

 

 Enquiries to:

 The Character Group plc

 Jon Diver, Joint Managing Director

 Kiran Shah, Joint Managing Director

 Hamun Shah, Group Finance Director

 Office:  +44 (0) 208 329 3377

 Panmure Liberum (Nominated Adviser and Joint Broker)

 Atholl Tweedie, Investment Banking

 Rupert Dearden, Corporate Broking

 Tel:  +44 (0) 20 7886 2500

 Allenby Capital Limited (Joint Broker)

 Nick Athanas, Corporate Finance

 Amrit Nahal / Tony Quirke, Sales & Corporate Broking

 Tel:  +44 (0) 20 3328 5656

 TooleyStreet Communications Limited (Investor and media relations)

 Fiona Tooley

 Tel:  +44 (0) 7785 703523

 Email: fiona@tooleystreet.com (mailto:fiona@tooleystreet.com)

 

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