REG - Christie Group PLC - AGM Trading Update

ChristieAnnouncement

12/06/2025 07:00

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RNS Number : 4577M  Christie Group PLC  12 June 2025

12 June 2025

 

Christie Group plc

("Christie Group" or the "Company")

 

AGM Trading Update

 

The Board of Christie Group plc (CTG.L) , the leading provider of Professional
& Financial Services and Stock & Inventory Systems & Services to
the hospitality, leisure, healthcare, medical, childcare & education and
retail sectors is pleased to provide the following trading update for the
financial year to date (the five months from 1 January 2025 to 31 May 2025 or
the "Period") in advance of the Group's Annual General Meeting being held at
10.00 am today.

 

The Group has continued to benefit from encouraging levels of demand for its
services, as lender and investor appetite into its chosen sectors has remained
robust despite ongoing geopolitical uncertainty and the increased tax burden
on employers in those same sectors. The Group's full year trading expectations
are unchanged.

 

Professional and Financial Services (PFS)

 

·      Agency activity in the UK has been strong in the period, with
income from business brokerage up by 29% on the same period in the prior year.
The momentum in transactional activity achieved across H2 2024 has continued
into 2025 and our pipeline of active M&A deals in solicitors' hands was
15% higher at 31 May 2025 than the same point a year earlier. Investment in
our sectors appears resilient and supports a positive outlook for the
remainder of 2025.

·      Investing to strengthen and broaden our international brokerage
and advisory operations into a multi-sector offering remains an ongoing focus.
Invoicing from transactional brokerage activity across our continental
operations is significantly improved on the equivalent prior year period, and
we anticipate a more balanced year than 2024 when international brokerage
income was heavily second-half weighted.

·      Valuation activity in both Christie & Co and Pinders has also
been encouraging, with ongoing demand for both transactionally-led and lending
purposes. Valuation and Business Appraisal revenues for the period are 12%
higher than a year ago.

·      Fee income growth from our finance brokerage activities has been
more subdued than our original expectations, after an extremely strong growth
performance in 2024. Nonetheless, fee income is marginally ahead of 2024
levels, and we anticipate this being maintained over the remainder of the
year.

·      Our FCA-regulated insurance brokerage business, Christie
Insurance, has continued its own progress and the expansion of its sales team
in both its Business Insurance and Life Insurance divisions. Client retention
levels remain strong and in line with expectations.

Stock and Inventory Systems & Services (SISS)

 

·      The Group's market leading hospitality stock audit, compliance
and consultancy business, Venners, is trading marginally ahead of 2024 revenue
levels. Demand for its core stock audit services and quote conversion levels
have both remained resilient, but discretionary spend among hospitality
operators has been softer as the sector absorbs the impact of increased
Employers NI on its workforce.

 

·      The Group's SaaS provider to the UK visitor attraction sector,
Vennersys, continues to grow. Net revenues for the period are up 17% on 2024,
with a pipeline of pending installations to follow which will bring further
new client incomes on stream. Vennersys had 20% more fully installed and live
clients generating revenue at the end of May 2025, compared to a year earlier.

 

The Board remains confident in its commitment to delivering improving medium
to longer term value for all stakeholders.

 

Enquiries:

 

Christie Group plc

Dan
Prickett
07885 813101

Chief
Executive

 

Simon Hawkins
 
07767 354366

Chief Financial Officer

 

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 32 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 - Venners and
Vennersys.

 

Tracing its origins back to 1896, 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 https://www.christiegroup.com/

 

 

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