Clarkson PLC Closed Period Trading Update (7013X)

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RNS Number : 7013X

Clarkson PLC

07 January 2022

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 GBP69m.

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: [phone]

Camarco

Billy Clegg

Jennifer Renwick

Tel: [phone] / 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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(END) Dow Jones Newswires

January 07, 2022 01:59 ET (06:59 GMT)