By Ian Walker
Christie Group said that it will miss full-year adjusted profit market expectations due to delays in transactions moving into next year as buyers and vendors avoid pre-Christmas disruption to their businesses.
The business services group–which provides services to a wide range of industries including hospitality, leisure, healthcare, and retail–said Friday that invoicing levels have improved since summer and it expects to report a better second half performance compared with the first.
It said that despite transaction delays it has improved pipelines and activity compared with a year ago as it heads into 2024.
The company hasn’t provided any actual forecast numbers. However revenue for the year ending Dec. 31 is forecast to be 69.0 million pounds ($86.9 million) taken from FactSet and based on a forecast by Liberum. This compares with GBP69.2 million in 2022.
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