Trading Statement

The Board of Christie Group plc (CTG.L) advises that, as anticipated, invoicing levels have improved markedly since the end of the summer period and as such the Group expects to report an improved second-half performance on that achieved in H1.

However, it now appears likely that a number of transactions previously expected to exchange in the last few weeks of this year will not now reach that stage until early 2024. Buyers and vendors actively working towards contractual exchange have indicated their intention to delay transactions into 2024 to avoid pre-Christmas operational disruption to their businesses. These deals would be expected to exchange early in the new year.

The resulting market uncertainty caused by transactional delays and moving deal timings, mean that the full year result, before exceptional costs is now likely to be below current full year market expectations, but with transaction pipelines and activity much improved from twelve months ago and heading into the start of 2024.