Christie Group PLC Trading Statement (3960E)
July 18 2016 - 2:00AM
UK Regulatory
TIDMCTG
RNS Number : 3960E
Christie Group PLC
18 July 2016
18 July 2016
Christie Group plc
("Christie Group" or the "Company")
Trading Statement
Christie Group plc (CTG.L), the leading provider of Professional
Business Services and Stock & Inventory Systems & Services
to the leisure, retail and care markets, announces that in the
light of softer than previously anticipated trading in its
Professional Business Services division, operating profit for the
year ending 31 December 2016 is likely to be lower than previously
expected.
Within its Agency business, a small number of transactions were
lost upon announcement of the European referendum result, after
which point the business sales market is continuing its
function.
While our first half revenue to 30th June is expected to be
broadly in line with the corresponding period last year, we
anticipate a growth in second half revenues year on year.
Nevertheless, after recouping the expected first half loss
referred to by the Chairman at the June AGM, this growth in second
half revenues is now expected to be insufficient to achieve the
level of full year profit that was previously anticipated.
A fuller update will be provided with the release of the Interim
results, expected to be issued on Monday 12 September 2016.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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