AGM Trading Update
16 June 2026
Christie Group plc
("Christie Group" or the "Company")
AGM Trading Update
Good start to the year with robust demand and strong deal pipeline; full year expectations remain unchanged
The Board of Christie Group plc ('Christie Group' or the 'Group') , the leading provider of Professional & Financial Services and Stock & Inventory Systems & Services to the healthcare, hospitality, leisure, medical, childcare & education and retail sectors is pleased to provide the following trading update for the financial year to date (the five months ended 31 May 2026 or the "Period") in advance of the Group's Annual General Meeting being held at 10.00am today.
Trading update
The Group has continued to see robust levels of demand for its services in the Period, with lender and investor appetite for its chosen sectors remaining resilient.
2026 began with the Group's UK agency pipelines up year-on-year by over 14% in value terms and by 19% in terms of the volume of deals in solicitors' hands. As anticipated, the conversion of the UK agency pipelines into targeted growth in year-on-year invoicing is expected to be more fully realised in the second half of the year after taking into account the impact of slightly extended deal times. We remain encouraged by our performance against a number of the Group's KPIs including new instruction levels, 'deal agreed' volumes, and a normalised level of withdrawn or aborted deals.
Outside the UK, we continue to invest to support our ambitions of developing a broader multi-sector offering in mainland Europe. Invoicing levels across France and Austria for the Period have been broadly consistent with the prior year, while we see increased income potential from a number of mandates in an active hotel market in Spain. Our Healthcare teams in France and Germany are also progressing a number of live instructions.
Divisional highlights
· Following a year of strong growth in 2025, valuation activity in both Christie & Co and Pinders has remained robust into 2026. We continue to see encouraging levels of ongoing demand for both transactional and lending purposes. Valuation and Business Appraisal revenues for the period were over 8% higher than the same period a year earlier.
· Christie Finance, our finance brokerage business, is performing ahead of last year, with fee income 23% higher than the equivalent period in 2025. This reflects the continued availability of affordable lending into our specialist sectors and sustained demand from clients for the range of secured and unsecured lending products we can access for them.
· Christie Insurance, our FCA-regulated insurance brokerage business, has maintained a good level of client retentions, while achieving steadily improving levels of business and life insurance sales. It has continued to expand its sales team during the Period.
· Venners, the Group's market leading hospitality stock audit, compliance and consultancy business, has delivered revenues marginally ahead of the same period in 2025, driven by demand for its core stock audit services and quote conversion level, against a backdrop of continued cost pressures affecting the hospitality sector.
Outlook
Based on anticipated pipeline conversion and deal flow throughout the remainder of 2026, the Group once again anticipates selling in excess of 1,000 businesses in the year. With a strong pipeline of deals due to complete over the coming months, the Group anticipates a second-half weighting to its full year revenue and profits. While the Group remains mindful of ongoing geopolitical uncertainty which is contributing to slightly elongated deal timelines, our activity levels, coupled with continued investor and lender appetite for our sectors underpin the Board's continued confidence in the Group's long-term growth opportunities and delivering a full year performance in line with Board expectations.
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
Hudson Sandler
Alex Brennan / Hattie Dreyfus / Emily Brooker 020 7796 4133 / christiegroup@hudsonsandler.com
Financial PR
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 healthcare, hospitality, leisure, 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.
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, 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/
More about our services:
https://www.christie.com/
https://www.christieinsurance.com/
https://www.christiefinance.com
https://www.pinders.co.ukhttps://www.venners.com/
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDTSTBRGDLIDBDGLU
