CLARKSON PLC
("the Company" or "Clarksons")
7 January 2022
Closed Period Trading Update
Ahead of the announcement of its results for the year to 31 December 2021, which will be released on 7 March 2022, Clarksons is pleased to announce that trading during the month of December was stronger than anticipated and underlying profit before tax for 2021, subject to audit, is now expected to be not less than £69m.
Areas which outperformed expectations in December included the Broking division, where the Sale and Purchase team completed a number of asset transactions and the Financial division, where the Project Finance and Securities teams completed a number of financing transactions.
Ends
For further details 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.
The Company has delivered 18 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.
This announcement contains inside information as defined in Article 7 of the retained EU law version of the Market Abuse Regulation No 596/2014 ("UK MAR") and has been announced in accordance with the Company's obligations under Article 17 of UK MAR.
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