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22 Dec 2016 15:23
22 December 2016
Christie Group plc("Christie Group" or the "Company")
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.
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.
Looking ahead, the outlook for both our Professional Business Services division and our Stock and Inventory Systems and Services division remain positive and encouraging.
Enquiries:
Christie Group plc
David Rugg 020 7227 0707
Chief Executive
Dan Prickett 020 7227 0700
Chief Financial Officer
Panmure Gordon (UK) Limited:
Dominic Morley / Charles Leigh-Pemberton 020 7886 2906
Nominated Adviser & Broker
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.
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.
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.
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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