Christie Group plc ('Christie Group' or the 'Group'), the leading provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets, is pleased to announce its preliminary results for the 12 months ended 31 December 2017.

Key points:

  • Revenue growth of 11.1% to £71.6m (2016: £64.5m)
  • Operating profit of £3.8m (2016: £1.1m before exceptional items)
  • Earnings per share of 9.47p per share (2016: 5.41p per share)
  • Total dividend for the year increased to 2.75p per share (2016: 2.50p per share)
  • Strong recovery in revenue and operating profit from the PBS division, with revenue up 15.9% on the prior year
  • PBS operating profit up to £5.3m (2016: £1.7m before exceptional items)
  • Strong revenue from corporate M&A activity set to continue in 2018
  • Challenging year for retail stocktaking within the SISS division
  • Improved terms on a number of major contracts should have a marked and positive impact on SISS performance in 2018

Commenting on the results, David Rugg, Chairman and Chief Executive of Christie Group said:

"2017 saw an encouraging rebound in performance following a disrupted 2016. Looking ahead, 2018 has started well. We have a good volume of Client M&A transactions in progress. As a result, we anticipate our first half performance will be significantly ahead of last year's first half performance."

Enquiries:

Christie Group plc
David Rugg
Chairman and Chief Executive
020 7227 0707

Daniel Prickett
Chief Operating Officer
020 7227 0700

Simon Hawkins
Group Finance Director
020 7227 0700

Panmure Gordon (UK) Limited
Dominic Morley / Charles Leigh-Pemberton
Nominated Adviser & Broker
020 7886 2906

Notes to Editors:

Christie Group plc (CTG.L), quoted on AIM, is a leading professional business services group with 44 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 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 Regulation (EU) No. 596/2014.

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

Preliminary Results for the 12 months ended 31 December 2017 (200KB PDF)

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Christie Group plc published this content on 17 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 April 2018 08:16:05 UTC