Trading Statement

Christie Group PLC

13 October 2023

 

13 October 2023

Christie Group plc

("Christie Group" or the "Company")

Trading Update

The Board of Christie Group plc (CTG.L) is pleased to report a return of more normalised levels of exchange and invoicing activity in its agency and advisory business, Christie & Co, following the end of the summer period. Transactional pipelines have recovered to far stronger levels than were seen during the first half. The improved invoicing level is anticipated to continue for the remainder of the year.

However, while the business has seen a good recovery in invoicing, there continues to be unpredictability in the precise dates of transactions as has been reported in previous announcements. Accordingly, as the year end gets closer,  the Board believes some transactions scheduled to complete during 2023 are likely to be delayed into 2024. In this context, the Board now prudently anticipates that the second half performance is likely to result in a full year operating profit before exceptional items of between £0 and £1.0m, being a second half operating profit before exceptional items of between £1.4m and £2.4m.

Enquiries:

Christie Group plc

Dan Prickett                                                                       07885 813101

Chief Executive                                

Simon Hawkins                                                                 07767 354366

Group Finance Director

Shore Capital

Patrick Castle                                                                     020 7408 4090

Nominated Advisor and Broker

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 38 offices across the UK and Europe, catering to its specialist markets in the hospitality, leisure, healthcare, medical, childcare & education and retail sectors.

Christie Group operates in two complementary business divisions: Professional & Financial Services (PFS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PFS - Christie & Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

Tracing its origins back to 1846, the Group has a long-established reputation for offering valued services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

For more information, please go to www.christiegroup.com.

 

END