Trading Statement

The Board of Christie Group plc (CTG.L) is pleased to report a return of more normalised levels of exchange and invoicing activity in its agency and advisory business, Christie & Co, following the end of the summer period. Transactional pipelines have recovered to far stronger levels than were seen during the first half. The improved invoicing level is anticipated to continue for the remainder of the year.

However, while the business has seen a good recovery in invoicing, there continues to be unpredictability in the precise dates of transactions as has been reported in previous announcements. Accordingly, as the year end gets closer, the Board believes some transactions scheduled to complete during 2023 are likely to be delayed into 2024. In this context, the Board now prudently anticipates that the second half performance is likely to result in a full year operating profit before exceptional items of between £0 and £1.0m, being a second half operating profit before exceptional items of between £1.4m and £2.4m.