The Character Group (Character) reported results slightly ahead of our expectations despite having to deal with the unprecedented supply chain challenges that impacted manufacturers and distributors of goods globally. Notwithstanding these headwinds, Character not only returned underlying EBITDA 72% ahead of 2020 but also ahead of the pre-COVID 2019 outturn. Despite continued pressure on margins, the high quality of Character’s earnings coupled with an exceptionally strong balance sheet (net cas ....
15 Dec 2021
A highly successful year despite supply chain issues
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A highly successful year despite supply chain issues
Character Group plc (CCT:LON) | 277 0 0.0% | Mkt Cap: 52.5m
- Published:
15 Dec 2021 -
Author:
Ian Jermin -
Pages:
8
The Character Group (Character) reported results slightly ahead of our expectations despite having to deal with the unprecedented supply chain challenges that impacted manufacturers and distributors of goods globally. Notwithstanding these headwinds, Character not only returned underlying EBITDA 72% ahead of 2020 but also ahead of the pre-COVID 2019 outturn. Despite continued pressure on margins, the high quality of Character’s earnings coupled with an exceptionally strong balance sheet (net cas ....