UK's Christie Group H1 revenue rises 5.4% on higher business sales
UK's Christie Group H1 revenue rises 5.4% on higher business sales
Overview
UK professional business services group's H1 revenue rose 5.4% yr/yr to £36.0 mln
Adjusted EPS before pension curtailment cost grew 116% yr/yr
Company completed sale of loss-making Vennersys business, enhancing profit margins
Outlook
Christie Group expects FY26 results in line with market forecast of revenue of £75.0m and adj profit before tax of £4.6m
Company expects to sell more than 1,000 businesses in 2026
Company expects a second-half weighting to invoicing and performance
Result Drivers
BUSINESS SALES VOLUME - Co sold 607 businesses in H1, up 11.2% yr/yr, supporting revenue growth
BROKERAGE & INSURANCE INCOME - Finance brokerage income grew 15% and insurance brokerage income rose 31%, with high client retention
COST CONTROL & DIVESTMENT - Operating expenses fell to 23.5% of revenue and disposal of loss-making Vennersys business enhanced margins
Company press release: ID:nRSb4222Wa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 36 mln |
|
H1 Net Income |
| GBP 1.05 mln |
|
H1 EBIT |
| GBP 2 mln |
|
H1 Pretax Profit |
| GBP 1.50 mln |
|
Analyst Coverage
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)