K3 Capital Group PLC Trading Update (8906Y)

TIDMK3C

RNS Number : 8906Y

K3 Capital Group PLC

11 December 2017

K3 CAPITAL GROUP PLC

("K3", the "Company" and including its subsidiaries, the "Group")

Trading update

K3 Capital Group plc, a leading business and company sales specialist in the UK, today announces a trading update ahead of its interim results for the six-month period ended 30 November 2017 (the "Interim Results"), which will be announced on 16 January 2018.

The Interim Results will demonstrate a continuation of the Group's strong performance across all three divisions with significant uplifts from the comparable prior year period ("H117").

The Board is pleased to report that the Group will record revenue of approximately GBP7.5m, an increase of 34 per cent. compared to H117 and EBITDA of approximately GBP3.3m, an increase of 27 per cent. compared to H117. Both revenue and EBITDA figures are comfortably in line with market expectations for the full year ending 31 May 2018.

The Board remains committed to paying a progressive dividend to shareholders and accordingly will declare a dividend payment in the Interim Results in January.

John Rigby, Chief Executive Officer, commented:

"I am delighted to report on what has been a strong six months for K3, comfortably in line with market expectations. The Group's three brands continue to gain recognition and market share within their fields, and we are pursuing our stated strategy of increasing the average deal size across the Company.

"The Group is encouraged by the significant pipeline and we remain optimistic that we will continue to deliver growth against our core KPIs over the coming six months and beyond."

For further information please contact:

 
 K3 Capital Group plc                       Tel: c/o Newgate 
                                             020 7680 6550 
 John Rigby, Chief Executive Officer        www.k3capitalgroupplc.com 
 Andrew Melbourne, Chief Financial 
  Officer 
 
 finnCap Ltd (Nominated Adviser and         Tel: [phone] 
  Sole Broker) 
 Jonny Franklin-Adams, Emily Watts, 
  Anthony Adams (Corporate Finance) 
 Tim Redfern, Richard Chambers (Corporate 
  Broking) 
 
 Newgate Communications Ltd (Financial      Tel: [phone] 
  PR) 
 Alistair Kellie, Zoë Pocock,          [e-mail] 
  James Ash 
 

About K3 Capital

K3 Capital Group plc is a leading business sales and brokerage firm headquartered in Bolton with operations throughout the UK. It acts for vendors of businesses from c. GBP50,000 to c. GBP50 million through its three trading subsidiaries Knightsbridge, KBS Corporate, and KBS Corporate Finance.

K3 Capital operates a disruptive business model with a direct marketing approach to client acquisition, using incentivised and experienced salespeople rather than advisory teams, while its highly visible online presence and proprietary online business valuation portal generates further leads. This innovative model, combined with a continuing strategy towards targeting higher value clients, are key drivers for growth and profitability.

The Group also offers all clients fully contingent and inclusive legal fees through its partner relationship with Gateley.

K3 Capital Group trades on the London Stock Exchange (AIM: K3C.L), having listed on 11 April 2017.

Please visit www.k3capitalgroupplc.com for more information.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 11, 2017 02:00 ET (07:00 GMT)