Trading Statement

RNS Number : 0890M

Christie Group PLC

18 January 2016

 

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.

 

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