Christie Group PLC Trading Update (9861G)
20 March 2020 - 9:00PM
UK Regulatory
TIDMCTG
RNS Number : 9861G
Christie Group PLC
20 March 2020
20 March 2020
Christie Group plc
("Christie Group" or the "Company")
Trading Update
The Board of Christie Group plc (CTG.L), the leading provider of
Professional & Financial Services and Stock & Inventory
Systems & Services to the hospitality, leisure, healthcare,
medical, childcare & education and retail sectors, has issued
the following statement:
"We are pleased to advise that our normal trading results for
the year ended December 2019 are expected to be in line with market
expectations.
In addition, we have benefitted from the profitable sale of an
office building, as mentioned in our Interim results statement.
Our businesses, which operate in the hospitality, retail,
medical and educational fields, are adversely impacted by the
Covid-19. This is primarily as a result of having limited access to
certain of our clients' premises. All of our trading companies'
services presently remain available.
We have good technology and communications to operate away from
our physical bases.
Our people have risen magnificently and with ingenuity to face
these new challenges.
It is not currently possible to quantify the full effect of
Covid-19 related disruption on our business for 2020 or beyond.
We intend to avail ourselves of all relevant government
assistance available to us.
We remain structured to resume our normal level of operations
when conditions allow."
Enquiries:
Christie Group plc
David Rugg
Chairman and Chief Executive
020 7227 0722
Dan Prickett
Chief Operating Officer
020 7227 0700
Shore Capital
Antonio Bossi / Sarah Mather
Nominated Advisor and Broker
020 7408 4090
Notes to Editors:
Christie Group plc, 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 hospitality,
leisure, healthcare, medical, childcare & education and retail
sectors.
Christie Group operates in two complementary business divisions:
Professional & Financial Services (PFS) and Stock &
Inventory Systems & Services (SISS). These divisions trade
under the brand names: PFS - 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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END
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