Clarkson PLC Trading Statement at AGM (1170L)
11 Maggio 2022 - 1:00PM
UK Regulatory
TIDMCKN
RNS Number : 1170L
Clarkson PLC
11 May 2022
CLARKSON PLC
("the Company" or "Clarksons")
11 May 2022
AGM Trading Statement
At the Annual General Meeting to be held in London today,
Laurence Hollingworth, Chair of Clarksons, will make the following
trading statement covering the period from 1 January 2022 to 10 May
2022.
Trading
The Group has made a good start to the year. Our market-leading
position, outstanding teams, global footprint and diverse offering
have enabled the Company to benefit from improved conditions across
many of the shipping sectors in which we operate. The ClarkSea
Index averaged 37,190 between 1 January 2022 and 29 April 2022,
ahead of the same period last year and similar to the average for
the second half of 2021.
Our Broking business has performed well, building on the
improved demand supply dynamics highlighted in our 2021 Annual
Report. As expected, an increase in spot business transacted,
compared to the same period last year, has added to the enlarged
forward order book brought into 2022.
The Financial division has started the year well and has an
encouraging pipeline, despite more muted capital markets reflecting
global geopolitical instability and economic uncertainty.
The Research division's positive trajectory continues,
increasing both revenues and profit as changing commodity trade
flows, the green transition and the ongoing drive towards renewable
energy have all increased client demand for our industry-leading
market insights, data and analysis.
The Support division also started the year positively as it
enlarges its footprint and range of services offered.
Maritech, Clarkson's wholly owned SaaS provider focused on pre-
and at-trade services, has continued to make good progress with
growth in both client adoption and transaction volumes on the Sea/
platform. The Group is delighted to have welcomed Peter Schrøder as
the new CEO of Maritech from 19 April.
Outlook
The Company is trading in line with the Board's expectations.
The outlook for the business remains strong as we continue to drive
value for both shareholders and clients.
For further details please contact:
Clarkson PLC
Andi Case, Chief Executive Officer
Jeff Woyda, Chief Financial Officer and Chief Operating
Officer
Tel: +44(0) 20 7334 0000
Camarco
Billy Clegg
Jennifer Renwick
Tel: +44(0) 20 3757 4983 / 4994
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. Clarksons continues to
drive innovation across its business, developing digital solutions
which underpin the Group's unrivalled expertise and knowledge with
leading technology.
The Group employs over 1,600 people in 52 different offices
across its four divisions and is number one or two in all its
market segments.
The Company has delivered 19 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
opportunities 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 .
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END
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