Christie Group PLC Trading Update (9861G)

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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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March 20, 2020 06:00 ET (10:00 GMT)