Character Group PLC – Half-yearly Financial Report

Character Group PLC – Half-yearly Financial Report

The Character Group plc, designers, developers and international distributor of toys, games and giftware release their half yearly report for the six months ended 28 February 2019.

KEY PERFORMANCE INDICATORS
CONTINUING OPERATIONS

Half-year
ended
28 February
2019

Half-year
ended
28 February
2018

Full-year
ended
31 August
2018

Revenue

£58.8m

£50.5m

£106.2m

Operating profit*

£5.9m

£4.6m

£11.7m

Pre-tax profit*

£5.6m

£4.5m

£11.6m

Underlying basic earnings per share*

20.98p

16.96p

45.09p

Underlying diluted earnings per share*

20.67p

16.64p

44.38p

Dividend per share

13.0p

11.0p

23.0p

EBITDA

£6.9m

£5.8m

£13.6m

Net cash

£19.8m

£14.3m

£15.6m

Net assets

£33.5m

£24.7m

£31.8m

*Excludes mark to market (loss) adjustments on FX derivative positions and taxation thereon shown as significant items

£(0.3)m

£(3.9)m

£0.14m

  • Character has delivered a strong first half performance and the Directors remain optimistic about the progress the business will make over this calendar year and the important 2019/20 winter season
  • Leading in-house ranges include Peppa Pig and Stretch, and exclusive, third-party lines including Little Live Pets and Pokémon, all continue to trade well
  • Character also continues to add exciting, innovative ranges, such as Hair Dooz, Odditeez Ploppz, and OMG pets
  • Impulse buying at the right price point is a growing trend and Character has successfully tapped into this category with innovative new trend lines being sourced and introduced regularly.  Our brands currently include Cra.Z.Slimy, Treasure X and Bubbleezz
  • The Group will be introducing further new products and range extensions to its portfolio in the coming months, which will further enhance and strengthen the Group’s product offering for the coming year.
  • The Board remains confident in its strategy and the Group’s flexibility to adapt to change
  • Group trading remains in line with management expectations and market consensus.

JOINT MDs’ JON DIVER AND KIRAN SHAH DISCUSSING WITH  BRR MEDIA THE GROUP’S HY1 2019 PERFORMANCE AND OUTLOOK:

https://www.brrmedia.co.uk/broadcasts-embed/5cd29f46cfde5e11cc82430a/?cct&popup=true

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