FY19 proved to be challenging, as flagged in September’s pre-close, for the UK’s largest independent toy manufacturer. The collapse of Top Toy, historically the largest customer of OVG-Proxy where CCT has a 75% holding, has cast a long shadow over the Scandinavian toy market; sterling’s weakness against the dollar has impacted gross margins; and the UK domestic toy market has remained weak. This weakness is likely to continue through this Xmas before picking up in H2. In thi
05 Dec 2019
Prelims: Perfect storm but brighter outlook
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Prelims: Perfect storm but brighter outlook
Character Group plc (CCT:LON) | 277 0 0.0% | Mkt Cap: 52.5m
- Published:
05 Dec 2019 -
Author:
David Johnson -
Pages:
2
FY19 proved to be challenging, as flagged in September’s pre-close, for the UK’s largest independent toy manufacturer. The collapse of Top Toy, historically the largest customer of OVG-Proxy where CCT has a 75% holding, has cast a long shadow over the Scandinavian toy market; sterling’s weakness against the dollar has impacted gross margins; and the UK domestic toy market has remained weak. This weakness is likely to continue through this Xmas before picking up in H2. In thi