TIDMK3C
RNS Number : 3657V
K3 Capital Group PLC
14 April 2021
K3 CAPITAL GROUP PLC
("K3", the "Company" and including its subsidiaries the
"Group")
Trading Update
K3 Capital Group plc, a multi-disciplinary professional services
firm providing advisory services to SMEs, is pleased to provide a
further update on the Group's trading for the current financial
year ending 31 May 2021.
In the trading update dated 4 March 2021, it was stated that
following a strong start to H2 the Group was trading ahead of
expectations. We are pleased to report that this trend has
continued, with all business divisions having continued to perform
well, with a particularly strong performance by KBS. As a result,
we now anticipate the result for the year ending 31 May 2021 to be
significantly ahead of revised consensus market expectations, with
revenue expected to be in the region of GBP45 million and Adjusted
EBITDA* of no less than GBP13.25 million.
* Adjusted EBITDA is earnings before interest, tax, depreciation
and amortisation, stated before acquisition related costs and share
based payment charges.
John Rigby, K3's CEO, commented,
"The Group has continued to perform strongly in March and April,
surpassing our expectations and resulting in a further earnings
upgrade.
We continue to pursue our strategic goal of building a wider
group of growing and complementary professional services businesses
and look forward to providing the market with an update on our
progress in due course."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU No. 596/2014) which is part of UK law by virtue of
the European Union (withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
For further information, please contact:
K3 Capital Group plc Tel: c/o finnCap 020 7220
0500
John Rigby, Chief Executive Officer www.k3capitalgroupplc.com
Andrew Melbourne, Chief Financial Officer
finnCap Ltd (Nominated Adviser and Joint Tel: 020 7220 0500
Broker)
Jonny Franklin-Adams, Emily Watts, Charlie Beeson (Corporate
Finance)
Tim Redfern, Richard Chambers (Corporate
Broking)
Canaccord Genuity Limited (Joint Broker) Tel: 020 7523 8000
Bobbie Hilliam (Corporate Broking)
Alex Aylen (Head of Equities)
About K3 Capital
K3 Capital Group plc is a multi-disciplinary professional
services firm providing advisory services to SMEs, with operations
throughout the UK and overseas.
Services provided by KBS Corporate, KBS Corporate Finance,
Knightsbridge and KBS Capital Markets:
-- Mergers and Acquisitions (M&A) - Company sales, brokerage
and corporate finance services to SME's looking to achieve full or
partial exit, advising on sales to private, trade, plc, private
equity or overseas acquirors. Strategic advisory and valuations,
financial due diligence and debt advisory.
Services provided by RandD UK Limited:
-- Research & Development tax credit advisory: advising
clients on Research and Development Tax Credit (RDTC) claims.
Services provided by Quantuma Advisory Limited:
-- Restructuring advisory: formal insolvency appointments,
informal restructuring advisory, personal insolvency and pension
restructuring and insolvency advice.
-- Financial advisory: comprehensive analysis of business
performance through business toolkit, independent reviews,
stakeholder management and turnaround and interim support.
-- Creditor Services: creditor representation and liquidations.
-- Forensic accounting and expert witness: forensic
investigations, intelligence and forensic accounting.
-- Pensions advisory: corporate and trustee advisory, pension
scheme restructuring advisory, covenant advisory and expert
witness.
The Group's medium-term strategy is to build a wider group of
growing and complementary professional services businesses to
provide SME's with high quality advice across specialist
disciplines.
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.
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END
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