Clarkson PLC Closed Period Trading Update (8667L)

TIDMCKN

RNS Number : 8667L

Clarkson PLC

06 January 2023

("the Company" or "Clarksons")

6 January 2023

Closed Period Trading Update

Clarkson PLC, the world's leading provider of integrated shipping services, today announces that following strong trading throughout the final quarter, particularly from the Broking division, results for the year ending 31 December 2022, are now anticipated to be ahead of current market expectations.

Clarksons' underlying profit before tax, subject to audit, is now expected to be not less than GBP98m.

Clarksons' results will be reported on 6 March 2023.

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 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 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 for the purposes of Article 7 of EU Regulation 596/2014 as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended (together, "MAR"). Upon the publication of this announcement, 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 Deborah Abrehart, Company Secretary.

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January 06, 2023 02:00 ET (07:00 GMT)