Last checked at 18 Jan 2016 07:00
18 January 2016
Christie Group plc
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, is pleased to confirm that revenue for the year to 31 December 2015 will be in line with market expectations, while operating profits are expected to be marginally stronger than previously indicated. Whilst the UK retail stocktaking division has continued to experience market disruption and pricing pressure attributable in part to increases in the statutory minimum wage and related costs, this has been more than offset by a strong leading performance across our transactional, advisory and financial businesses and our other stocktaking operations.
Preliminary full year results for the year ended 31 December 2015 are due to be released on Monday 4 April 2016.
Enquiries:
Christie Group plc 020 7227 0707
David Rugg
Chief Executive
Dan Prickett 020 7227 0700
Chief Financial Officer
Panmure Gordon (UK) Limited 020 7886 2500
Nominated Adviser & Broker
Russell Cook / Charles Leigh-Pemberton
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 complimentary 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.
For more information, please go to www.christiegroup.com.