The Character Group plc (FTSE AIM All-share: CCT.L) - Designers, Developers and International Distributor of Toys, Games and Giftware : Annual Results
LONDON, December 1, 2016 /PRNewswire/ --
The Character Group plc (FTSE AIM All-share: CCT.L) releases preliminary results for the year ended 31 August 2016:
"Strong organic growth underpins Character's continued position as the UK's leading independent toy company. Underlying pre-tax profit for the year is £12.5m up 22.5% on the previous year and current trading is commensurate with the Company achieving the Board's profit expectations for the current financial year."
Full-year ended Full-year ended
Key Performance Indicators % 31 August 31 August
change 2016 2015
Revenue +22.1% GBP121.0m GBP99.1m
Underlying operating profit* +22.1% GBP12.7m GBP10.4m
Operating profit +6.4% GBP13.3m GBP12.5m
Underlying pre-tax profit* +22.5% GBP12.5m GBP10.2m
Pre-tax profit +6.5% GBP13.1m GBP12.3m
Underlying basic earnings per
share* +22.7% 47.63p 38.83p
Underlying diluted earnings per
share* +23.5% 45.16p 36.57p
Basic earnings per share +3.6% 50.30p 48.56p
Diluted earnings per share +4.3% 47.70p 45.73p
Dividends per share for the year +36.4% 15.0p 11.0p
Underlying EBITDA* +27.0% GBP15.1m GBP11.9m
EBITDA +12.9% GBP15.7m GBP13.9m
Net assets +50.7% GBP22.9m GBP15.2m
Net cash +53.3% GBP6.9m GBP4.5m
*Excludes mark to market profit adjustments
on FX
derivative positions GBP0.6m GBP2.1m
Ø Profitable and cash generative business model
Ø Progressive dividend policy, final dividend up 33%, total for the year 15p,
up 36% over 2015
Ø International sales up 50%
Ø Top 10 performing brands account for 70% of revenue
Ø Peppa Pig continues to deliver a consistently high level of sales and remains
our top selling brand
Ø Little Live Pets and Teletubbies (launched January 2016) complete our Top 3
Ø Stretch Armstrong, has been launched successfully with initial sales
exceeding expectation
"Our strategic focus remains: 'to seek out and develop exciting products which meet domestic and international market demand'. Overall, current trading continues to be in-line with the Board's expectations, with pleasing levels of increasingly predictable contribution being generated from our established cornerstone brands. We are also very satisfied with the inroads that we continue to make in overseas markets as demonstrated by the improved level of international sales; and we fully expect such growth to be a prominent factor in delivering our strategic growth ambitions going forward."
To read full news release please visit http://www.thecharacter.com
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