22 Dec 2016 15:23
22 December 2016
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Christie Group plc("Christie Group" or the "Company")
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Trading update
Christie Group plc (CTG.L), the leading provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets, today announces an update on trading as it approaches the year end.
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Trading in the second half of the year, which followed the EU referendum has, as predicted, been significantly stronger than the first six months. Nonetheless, we are now expecting a number of M&A transactions on which we are advising to carry over into 2017, which would have otherwise further strengthened second-half earnings this year. We continue to expect to report an operating profit for the year to 31 December 2016.
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Looking ahead, the outlook for both our Professional Business Services division and our Stock and Inventory Systems and Services division remain positive and encouraging.
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Ā Enquiries:
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Christie Group plc
David Rugg 020 7227 0707
Chief Executive
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Dan Prickett 020 7227 0700
Chief Financial Officer
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Panmure Gordon (UK) Limited:
Dominic Morley / Charles Leigh-Pemberton 020 7886 2906
Nominated Adviser & Broker
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Notes to Editors:
Christie Group plc, quoted on AIM, is a leading professional business services group with 46 offices across the UK, Europe and Canada, catering to its specialist markets in the leisure, retail and care sectors.
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Christie Group operates in two complementary business divisions: Professional Business Services (PBS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PBS - Christie + Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.
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Tracing its origins back to 1846, the Group has a long established reputation for offering essential 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.
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The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.
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For more information, please go to www.christiegroup.com.
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