Trading Update

RNS Number : 6980F

Christie Group PLC

29 April 2014

 

29 April 2014

Christie Group plc

Trading update

Christie Group plc ("Christie Group" or the "Company"), the leading provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets is pleased to provide an update to investors on current trading.

In the Company's preliminary results statement released on 31 March 2014 the Chairman stated that the Company started 2014 with more signed M&A mandates than for any prior year. The Board is pleased to report that progress in these assignments has been quicker than had been anticipated.  Trading since the start of the year across all of Christie Group's operations is in aggregate above or in line with management's expectations.

As a consequence, results for the first half will be positive (2013 £300k loss).  Assuming no materially adverse economic changes or political unrest in our core markets, the Board believes that results for the year to 31 December 2014 will be substantially ahead of the current market forecast.

Enquiries:

Christie Group plc
David Rugg	020 7227 0707
Chief Executive
Daniel Prickett	020 7227 0700
Chief Financial Officer
Charles Stanley Securities	020 7149 6000
Nominated Adviser & Broker
Russell Cook / Carl Holmes

Notes to Editors:

Christie Group plc (CTG.L), quoted on AIM, is a leading professional business services group with 43 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.

For more information, please go to www.christiegroup.com.

 

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