K3 Capital Group PLC – Trading Update

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 2019 (the “Period”) (the “Interim Results”), which will be announced on 4 February 2020.

The Group has achieved a ‘double digit’ increase in revenue and an increase in EBITDA when compared with the first half of the prior financial year with a strong EBITDA margin maintained at in excess of 40%. During the Period, the Group has seen a record number of completed transactions (up 30% from the comparative period last financial year) with the growth primarily driven from its volume brands, Knightsbridge and KBS Corporate.

In a similar vein to previous years, the Group enters its second half of the financial year with the momentum of a record number of opportunities within its WIP pipeline (agreed and in legal exclusivity) which carry strong transaction fee values.

The Board welcomes the political stability that last week’s election result brings and whilst the outlook for the UK still sees some economic uncertainty, not least surrounding Brexit, the Company is pleased with the growth that has been achieved during H1 and can confirm that it remains confident in achieving market expectations.

John Rigby, CEO of K3, commented:

“We are pleased to report another very solid H1 performance with more transactions completed during the first half than ever before, a particularly encouraging performance in the context of the difficult market backdrop of political and economic uncertainty. This growth is further backed up by a record number of deals in the pipeline that underpins our confidence of continued growth in the second half of FY20 and beyond.”