REG - Christie Group PLC - Trading Statement

ChristieAnnouncement

13/10/2023 07:00

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RNS Number : 9963P  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.

 

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