Park Group plc announced an update on trading for the financial year ended 31 March 2019. The company announced that the group trading for the year was ahead of expectations, despite the impact of an additional £0.5 million of costs relating to investment in the new strategic business plan that it outlined at the time of the half year results. This was driven by a strong performance from the Corporate business and a broadly stable performance from the Consumer business, reflecting the evolving Christmas Savings market. Accordingly, despite the strong underlying trading performance, reported PBT (before exceptional items) is expected to be marginally below market expectations.

The company announced that having taken the decision to move to new offices, it anticipates incurring an exceptional impairment charge of approximately £1.25 million on the carrying value of the existing site.