28th Sep 2020 14:28
Christie Group PLC - professionals services and inventory systems for hospitality, leisure, healthcare and retail sectors - Tells annual general meeting that in the first half of 2020, 50% of expected revenue was lost due to the Covid-19 pandemic and subsequent lockdown. Is currently reviewing UK chancellor's recently announced Job Support Scheme, following use of GBP6 million from Coronavirus Business Interruption Loans Scheme.
Reorganises divisions. Professional & Financial Services now managed on specialist sector lines instead of a geographical basis. In Stock & Inventory Systems & Services, Retail stocktaking benefiting from the exit of low-margin accounts, to allow for a focus on higher-margin work.
Current stock price: 74.00 pence
Year-to-date change: down 35%
By Dayo Laniyan; [email protected]
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