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Christie Group Returns to Profitability with Strong 2024 Performance

Story Highlights
  • Christie Group PLC returned to profitability in 2024 with a 15.4% revenue increase.
  • The company divested its loss-making Orridge brand, boosting financial strength and focus.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

An update from Christie ( (GB:CTG) ) is now available.

Christie Group PLC reported a return to profitability in 2024, driven by a 15.4% increase in revenue to £60.4 million and a significant improvement in operating profit. The company successfully divested its loss-making Orridge brand, enhancing its financial position and allowing it to focus on its core profitable businesses. The Group saw strong performance across its divisions, with notable growth in its agency and advisory business, Christie & Co, and its finance brokerage, Christie Finance. The company is optimistic about its growth prospects for 2025, despite potential challenges from geopolitical events and tax burdens on clients.

More about Christie

Christie Group PLC is a leading professional business services group operating in the hospitality, leisure, healthcare, medical, childcare, education, and retail sectors. The company operates through two main divisions: Professional & Financial Services (PFS) and Stock & Inventory Systems & Services (SISS), offering services such as agency, valuation, consultancy, project management, and inventory management. With a history dating back to 1896, Christie Group has established a strong presence in the UK and Europe.

YTD Price Performance: -20.93%

Average Trading Volume: 5,689

Technical Sentiment Signal: Buy

Current Market Cap: £22.26M

Find detailed analytics on CTG stock on TipRanks’ Stock Analysis page.

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