Clarkson PLC Trading Update (6992L)
23 Aprile 2018 - 8:00AM
UK Regulatory
TIDMCKN
RNS Number : 6992L
Clarkson PLC
23 April 2018
23 April 2018
CLARKSON PLC
Trading Update
Clarkson PLC ("Clarksons") issues the following trading
update.
During the first quarter, Clarksons faced certain headwinds. The
challenging environment in shipping and offshore capital markets
has led to transactions being pushed back within the financial
segment and has compounded a quiet period in sale and purchase
activity for the group across shipping and offshore. Further, the
group has suffered from lower freight rates within the tanker
market and a fall in the value of the US Dollar, the predominant
trading currency of the group's banking and broking businesses.
Together these have resulted in financial performance that is
below that previously expected by the Board. Consequently, whilst
it is still too early to determine the exact impact, profits for
both the first half and the full year are now anticipated to be
materially below those of last year.
Company enquiries:
Clarkson PLC 020 7334 0000
Andi Case, Chief Executive Officer
Jeff Woyda, Chief Financial Officer and Chief Operating
Officer
Camarco 020 3757 4983 / 4994
Billy Clegg
Jennifer Renwick
About Clarkson PLC
Clarkson PLC is the world's leading provider of integrated
services and investment banking capabilities to the shipping and
offshore markets, facilitating global trade.
Founded in 1852, Clarksons offers its diverse and growing client
base an unrivalled range of shipbroking services, sector research,
on-hand logistical support and full investment banking capabilities
in all key shipping and offshore sectors.
The Company has delivered 15 years of consecutive dividend
growth. The highly cash generative nature of the business,
supported by a strong balance sheet, has enabled Clarksons to
continue to invest to position the business to capitalise on the
upturn in its markets.
Clarksons is listed on the main market of the London Stock
Exchange under the ticker CKN and is a member of the FTSE 250
Index.
For more information, visit www.clarksons.com.
The information contained within this announcement is deemed by
Clarksons to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain. The
person responsible for arranging the release of this announcement
on behalf of Clarksons is Jeff Woyda, Chief Financial Officer and
Chief Operating Officer.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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