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Clarkson Plc CKN reports a strong half-year performance, with underlying PBT up 25% at £21.9m, on revenues up to £156.8m (2016: £147.2m). Underlying EPS grew 9% to 57.5p, and CKSN has a robust balance sheet, with £71.4m of net funds, up from £46.7m this time last year. CEO Andi Case says the solid cash position means that irrespective of market conditions, CKSN can invest in the business for future growth, and the company is in a good position entering H2.
DX Group DX. / John Menzies MNZS – Merger discussions have been terminated. While the respective Boards believed that the proposed combination had strong strategic logic for all stakeholders, the DX Board has been unable to agree suitable terms.
EVR Holdings EVRH says its subsidiary MelodyVR Ltd has entered into a music licensing agreement with ARESA GmbH, the Anglo-American Rights European Service Agency. EVRH CEO Anthony Matchett said the agreement with ARESA “further enhances our opportunities for the distribution and monetisation of our vast library of content and further extends our market-leading position as the world’s only licensed VR music platform.”
Tracsis TRCS says group trading for the year has been in line with market expectations, with revenues in excess of £34m (2016: £32.6m) and good trading experienced throughout all parts of the business. EBITDA & adj PBT are in line and also ahead of the previous year (2016: EBITDA £7.6m, APBT £6.9m). TRCS remains debt free and highly cash generative.