Disappointing pre-close update for the year ended 31 August with PBT performance expected to be below the lower end of market expectations (ACLe: £124.6m in revenue and £13.5m adj. PBT). The main cause of the miss relates to the failure of the Scandinavian retail market to fully recover from the liquidation in January of Top Toy, historically the largest customer of OVG-Proxy where CCT has a 75% stake. This will result in Proxy making a loss for FY19. CCT has also suffered from th
13 Sep 2019
Pre-close: Scandinavia disappoints
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Pre-close: Scandinavia disappoints
Character Group plc (CCT:LON) | 262 2.6 0.4% | Mkt Cap: 49.8m
- Published:
13 Sep 2019 -
Author:
David Johnson -
Pages:
2
Disappointing pre-close update for the year ended 31 August with PBT performance expected to be below the lower end of market expectations (ACLe: £124.6m in revenue and £13.5m adj. PBT). The main cause of the miss relates to the failure of the Scandinavian retail market to fully recover from the liquidation in January of Top Toy, historically the largest customer of OVG-Proxy where CCT has a 75% stake. This will result in Proxy making a loss for FY19. CCT has also suffered from th