Cristie Group shares jump 25% after swing to profit in 2024

(Alliance News) - Cristie Group PLC on Monday reported that it is "well positioned" for an improved performance in 2025, as it swung from a loss to a profit in 2024.

London-based Christie Group has two business divisions Professional & Financial Services and Stock & Inventory Systems & Services. The businesses date back to 1896.

Christie Group shares closed up 25% to 106.30 pence in London on Tuesday morning.

The company reported a pretax profit of GBP1.0 million from continuing operations in 2024, swung from a GBP2.9 million loss in 2023, on revenue on the same basis of GBP60.4 million, up 15% from GBP52.3 million.

This increase in revenue was attributed to "a record number" of businesses that were sold by the company, as well as "strong growth" in its finance brokerage and hospitality stocktaking business.

Christie Group noted a strong improvement in its Professional & Financial Services revenue to GBP48.8 million in 2024, up 16% from GBP42.2 million in 2023. This was driven by a "strong recovery" in transactional brokerage activity.

Christie declared a final dividend of 1.75 pence for 2024, almost quadrupled from 0.50 pence in 2023. This gave a total payout for the year of 2.25p, up from 1.00p in 2023.

Christie Group said that, while it remains cautious about the impact of the US tariffs, it is confident that it is "well prepared" to deliver its medium to longer term plans.

It added that it is well positioned for this year, as it aims to expand its sector internationally.

By Olivia Mason-Myhill, Alliance News reporter

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