The Character Group (Character) reported full year results in line with our forecasts, albeit revenues were stronger than anticipated. Adjusted PBT was in line but impacted
by increases in input costs and a stronger US dollar creating margin pressures. We make no changes to forecasts but anticipate FY23 being H2 weighted. The Company is
expected to remain comfortably profitable, cash generative with a strong balance sheet and is committed to maintaining a progressive dividend policy.
22 Dec 2022
Character Group - FY22 Finals
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Character Group - FY22 Finals
Character Group plc (CCT:LON) | 261 0 0.0% | Mkt Cap: 49.6m
- Published:
22 Dec 2022 -
Author:
Ian Jermin -
Pages:
10
The Character Group (Character) reported full year results in line with our forecasts, albeit revenues were stronger than anticipated. Adjusted PBT was in line but impacted
by increases in input costs and a stronger US dollar creating margin pressures. We make no changes to forecasts but anticipate FY23 being H2 weighted. The Company is
expected to remain comfortably profitable, cash generative with a strong balance sheet and is committed to maintaining a progressive dividend policy.