Today’s pre-AGM trading update confirms that FY18 continues in line with management expectation and fits with October’s update and December’s prelims. Trading in the first four months, including the crucial Christmas period, saw growth in domestic sales whilst international was down, impacted by several factors including the financing travails of Toys R Us in North America. As a result, H1 FY18 overall is expected to be down on H1 FY17 but H2 will return to growth and this will continue in FY19.
19 Jan 2018
FY18 starts on track
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FY18 starts on track
Character Group plc (CCT:LON) | 277 0 0.0% | Mkt Cap: 52.5m
- Published:
19 Jan 2018 -
Author:
David Johnson -
Pages:
2
Today’s pre-AGM trading update confirms that FY18 continues in line with management expectation and fits with October’s update and December’s prelims. Trading in the first four months, including the crucial Christmas period, saw growth in domestic sales whilst international was down, impacted by several factors including the financing travails of Toys R Us in North America. As a result, H1 FY18 overall is expected to be down on H1 FY17 but H2 will return to growth and this will continue in FY19.