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2010 Highlights |
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Price stability returned to Christie Group’s core sectors
Professional Business Services revenue increased by 13.9%
UK transaction revenues up 21% on 2009
Return to profit for Group – operating profit of £1.0m
Significantly reduced operating cost base
Inaugural profit contribution from European Professional Business Services
European stocktaking business trading improved following reorganisation
New offices opened in Austria in 2010 and Dubai in 2011
Well-positioned in core markets and poised for growth in recovery
Proposed dividend of 1p per share
We took a long, hard look at expenditure and lowered our cost base. Having achieved this, the Group still retains its core competencies and is more profitable.
Strength in depth
In-depth expertise in our chosen sectors is increasingly attractive in the markets we serve. Our customers prefer to buy proven experience.
Balance sheet strength
The Group has no net debt and is in a strong, sustainable financial position.
Talent engaged
We are improving the Group's long-term prospects by recruiting accomplished individuals and developing expertise in-house. Christie + Co's graduate programme is attracting high-calibre candidates.
Market share growing
Some competitors withdrew from our core markets when times were tough. Our long-term commitment has been rewarded with a healthy sales pipeline and improved conversions.
Opportunities identified
We maximise synergies by making sure that our businesses act collaboratively and add value for our customers by providing complementary services.
Shareholder return
The Board has reinstated an annual dividend and is focusing its energies on growing shareholder value.
Locations added
The new Christie + Co offices in Vienna and Dubai will extend our global presence. Vienna will act as a gateway to Central and Eastern Europe, and Dubai to the Middle East and North Africa.
