CLARKSON PLC
("the Company" or "Clarksons")
10 January 2020
Closed Period Trading Update
Ahead of the announcement of its results for the year to 31 December 2019, which will be released on 9 March 2020, the Company confirms that the full year underlying results for 2019 are expected to be in line with expectations.
As highlighted in the interim results issued on 12 August 2019, the need for a non-cash impairment charge to goodwill relating to the acquisition of RS Platou ASA will be reviewed prior to issuing the results.
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 16 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.
